BofA raised the firm’s price target on Shake Shack (SHAK) to $148 from $134 and keeps a Neutral rating on the shares. The firm is fine-tuning estimates for 20-plus companies across its restaurant coverage and also adjusting selected price targets to reflect estimate and market multiple changes ahead of earnings from the group.
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Read More on SHAK:
- Starbucks downgraded, Oracle initiated: Wall Street’s top analyst calls
- Shake Shack price target raised to $168 from $166 at Barclays
- Shake Shack downgraded to Underperform from Hold at Jefferies
- Cautious Outlook on Shake Shack: Sell Rating Due to Overvaluation and Limited Upside Potential
- Shake Shack price target raised to $140 from $103 at Deutsche Bank