Deutsche Bank upgraded Shake Shack (SHAK) to Buy from Hold with a price target of $105, down from $115. The firm says the company has a “compelling catalyst path” in the first half of 2026. Shake Shack’s growth outlook is “still strong” and the shares are trading at a “near trough” valuation, the analyst tells investors in a research note. Deutsche believes the setup for restaurants into 2026 is “pretty favorable,” with investor sentiment near trough levels. Any signs of stabilization should support a trade back into the sector, the firm contends.
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