Shake Shack price target raised to $95 from $90 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Shake Shack to $95 from $90 and keeps a Buy rating on the shares after its Q2 earnings beat. The company’s comps growth was a miss but “stable”, while its margin expansion story is “gaining steam”, the analyst tells investors in a research note. Demand appears stable and there are more upside drivers ahead, including the return to office, throughput and kiosks, Truist added.