Truist lowered the firm’s price target on Shake Shack (SHAK) to $131 from $154 and keeps a Buy rating on the shares. Truist Card Data points to 1Q25 misses for its limited-service restaurant coverage, which, combined with an uncertain macro backdrop, create a tough setup into earnings, the analyst tells investors in a research note. Consumers are responding to innovation and promotions, providing a potential offset to macro pressures, Truist argues.
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