Truist Securities Maintains Buy on Shake Shack, Raises Price Target to $144
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Shake Shack and increased the price target from $127 to $144.
November 01, 2024 | 10:20 am
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Truist Securities has reaffirmed its Buy rating for Shake Shack and increased the price target from $127 to $144, indicating confidence in the company's future performance.
The increase in the price target from $127 to $144 by Truist Securities suggests a positive outlook for Shake Shack's stock, likely leading to a short-term price increase. The reaffirmation of the Buy rating further supports investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100