Morgan Stanley raised the firm’s price target on Shake Shack to $105 from $88 and keeps an Equal Weight rating on the shares. The firm updated earnings estimates and price targets for its Restaurants and Foodservice Distributors coverage ahead of earnings season.
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 $115 from $112 at Truist
- Shake Shack (NYSE:SHAK): Margin Woes Threaten the Stock’s Momentum
- Shake Shack Welcomes New CEO Robert Lynch, Eyes Growth
- New Shake Shack CEO the right person for the role, says TD Cowen
- Shake Shack CEO Randy Garutti to transition out of role, Rob Lynch to succeed
