Shake Shack price target raised to $90 from $75 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Shake Shack to $90 from $75 and keeps a Buy rating on the shares. Shake Shack appears to have ended Q2 strong, with sales in the last three weeks accounting for 25.7% of the quarter, the analyst tells investors in a research note.