JPMorgan raised the firm’s price target on Shake Shack (SHAK) to $100 from $95 and keeps a Neutral rating on the shares. The firm adjusted targets in the restaurants and foodservice distribution space, saying it is balancing the macro backdrop with the “idiosyncratic.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHAK:
- Shake Shack price target raised to $117 from $110 at Deutsche Bank
- Midday Fly By: CoreWeave inks Anthropic, TSMC reports March sales bump
- Nike downgraded, IBM initiated: Wall Street’s top analyst calls
- Shake Shack upgraded to Outperform from Neutral at Mizuho
- Shake Shack Launches Project Catalyst to Accelerate Expansion