Piper Sandler Downgrades Shake Shack to Neutral, Lowers Price Target to $114
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded Shake Shack from Overweight to Neutral and reduced its price target from $121 to $114.
August 19, 2024 | 4:14 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Piper Sandler has downgraded Shake Shack from Overweight to Neutral, reducing the price target from $121 to $114.
The downgrade from Overweight to Neutral by Piper Sandler suggests a less optimistic view on Shake Shack's stock performance. The lowered price target from $121 to $114 indicates a reduced expectation for future stock price appreciation, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100