B of A Securities Maintains Neutral on Shake Shack, Raises Price Target to $116
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Shake Shack (NYSE:SHAK) while raising the price target from $104 to $116.
August 19, 2024 | 4:42 pm
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B of A Securities has maintained a Neutral rating on Shake Shack but increased the price target from $104 to $116, indicating a positive outlook despite the neutral stance.
The increase in price target from $104 to $116 suggests a positive outlook for Shake Shack's stock, which could lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100