Barclays lowered the firm’s price target on Shake Shack (SHAK) to $155 from $159 and keeps an Overweight rating on the shares. Q1 comps are resilient despite weather headwinds and FY25 EBITDA guidance was raised by about $5M, which are “both good things,” the analyst tells investors. With comp comparisons relatively modest, and valuation “no longer outsized relative to high-growth peers,” the firm expects shares to outperform in 2025, the analyst added.
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