Shake Shack price target raised to $90 from $80 at Piper Sandler

Piper Sandler raised the firm’s price target on Shake Shack to $90 from $80 and keeps an Overweight rating on the shares ahead of next week’s earnings report. The firm believes “everything remains on track here,” and has increased conviction that sentiment in the name has improved, the analyst tells investors in a research note.