As previously reported, Loop Capital downgraded Shake Shack (SHAK) to Hold from Buy with a $127 price target The stock recently surpassed the firm’s price target after surging approximately 60% over just the last couple of months, and while Loop remains positive on Shake Shack’s near and long-term story, its current valuation accurately reflects the company’s attractive fundamentals, the analyst tells investors in a research note. Loop adds it would turn more constructive on the shares in the event of a “material pullback”.
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Read More on SHAK:
- Shake Shack downgraded to Hold from Buy at Loop Capital
- Shake Shack price target raised to $150 from $140 at Truist
- Shake Shack price target raised to $160 from $125 at Oppenheimer
- Shake Shack price target raised to $166 from $102 at Barclays
- Shake Shack price target raised to $134 from $112 at BofA