BofA analyst Sara Senatore lowered the firm’s price target on Shake Shack (SHAK) to $136 from $139 and keeps a Neutral rating on the shares. The firm is fine-tuning estimates for companies across its restaurants coverage in a Q4 results preview for the group, noting that Black Box industry data same-store sales growth improved in November from October for all restaurant segments, while December showed deceleration across segments excluding family dining.
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