Barclays Maintains Equal-Weight on Shake Shack, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Equal-Weight rating on Shake Shack (NYSE:SHAK) and raises the price target from $110 to $115.
October 22, 2024 | 4:33 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Barclays analyst Jeffrey Bernstein has maintained an Equal-Weight rating on Shake Shack and increased the price target from $110 to $115, indicating a slightly positive outlook.
The increase in the price target from $110 to $115 suggests a positive outlook for Shake Shack's stock, which could lead to a short-term price increase. However, the Equal-Weight rating indicates a neutral stance, balancing the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100