Shake Shack price target raised to $125 from $124 at Truist

Truist raised the firm’s price target on Shake Shack to $125 from $124 and keeps a Buy rating on the shares as part of a broader research note on Restaurants. The firm is adjusting its models based on its automated and manual web scrapes tracking store opening trends in Q2, noting that its analysis indicates that the company opened 12 net new locations in the quarter – above consensus of 10, the analyst tells investors in a research note.