Shake Shack price target raised to $140 from $125 at TD Cowen
The Fly

Shake Shack price target raised to $140 from $125 at TD Cowen

TD Cowen raised the firm’s price target on Shake Shack (SHAK) to $140 from $125 and keeps a Buy rating on the shares. The firm said they are pleased new CEO Rob Lynch’s efforts are resonating with plans shared on the call to further help traffic including continued marketing investments expanded culinary capabilities and a loyalty program to be implemented in 2025.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App