BofA lowered the firm’s price target on Shake Shack (SHAK) to $89 from $110 and keeps a Neutral rating on the shares. The firm is fine-tuning estimates for over 20 companies across its restaurants coverage and also adjusting price targets to reflect estimate and market multiple changes as part of its calendar Q1 preview for the group.
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Read More on SHAK:
- Shake Shack price target lowered to $145 from $160 at Raymond James
- Shake Shack price target lowered to $97 from $120 at Stifel
- Shake Shack price target lowered to $105 from $137 at Morgan Stanley
- Shake Shack price target lowered to $125 from $155 at Oppenheimer
- Shake Shack price target lowered to $85 from $98 at Baird