Truist analyst Jake Bartlett raised the firm’s price target on Shake Shack (SHAK) to $150 from $140 and keeps a Buy rating on the shares. The firm’s Store Opening Tracker for Q2 is showing a likely miss on company store openings, though Truist continues to expect 48 openings in FY25, inline with consensus and guidance of 45-50 locations, the analyst tells investors in a research note.
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