Barclays analyst Jeffrey Bernstein raised the firm’s price target on Shake Shack (SHAK) to $168 from $166 and keeps an Overweight rating on the shares. The firm adjusted price targets in the restaurant group as part of a Q2 update. Comp sales reaccelerated through the quarter, led by value offers, with casual dining leading and quick service lagging, the analyst tells investors in a research note.
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