Shake Shack price target raised to $148 from $144 at Truist

Truist raised the firm’s price target on Shake Shack (SHAK) to $148 from $144 and keeps a Buy rating on the shares. The firm is positive on the company’s Q4 results and strong near-term guidance, the analyst tells investors in a research note. Shake Shack’s strong underlying SSS momentum gives Truist “increased confidence” that its sales drivers are working with encouraging progress with sales, margins and development, the firm added.