Shake Shack price target raised to $102 from $82 at Baird

Baird raised the firm’s price target on Shake Shack to $102 from $82 and keeps a Neutral rating on the shares. The firm came away from the Q4 report with increased confidence in the fundamental outlook, given the turn to positive same-store traffic in Q4 and the continued impressive progress on improving company-wide profitability.