Shake Shack price target raised to $72 from $64 at Barclays

Barclays analyst Jeffrey Bernstein raised the firm’s price target on Shake Shack to $72 from $64 and keeps an Equal Weight rating on the shares. The company’s Q2 fell short on sales but was ahead on margin and ultimately earnings, the analyst tells investors in a research note. Importantly, comps accelerated to close Q2 and through July, which is encouraging, says the firm.