As previously reported, Loop Capital upgraded Shake Shack (SHAK) to Buy from Hold with an unchanged $127 price target The firm maintains its view that there is the potential for 10% or more upside to the management’s guidance for adjusted EBITDA of $200M-210M in 2025 in the event comparable sales continue to beat expectations over the course of the current year, the analyst tells investors in a research note. Shake Shack shares have pulled back over 25% since Loop’s last report, creating an “attractive buying opportunity”, the firm adds.
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