Barclays Maintains Equal-Weight on Shake Shack, Raises Price Target to $125
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 $115 to $125.
October 31, 2024 | 6:31 pm
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Barclays analyst Jeffrey Bernstein has maintained an Equal-Weight rating on Shake Shack and increased the price target from $115 to $125, indicating a positive outlook.
The increase in the price target from $115 to $125 by Barclays suggests a positive outlook for Shake Shack's stock, which could lead to a short-term price increase. The maintained Equal-Weight rating indicates a balanced view, but the raised target price is a positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100