Shake Shack price target raised to $149 from $147 at Truist

Truist raised the firm’s price target on Shake Shack (SHAK) to $149 from $147 and keeps a Buy rating on the shares as part of a broader research note previewing next week’s ICR Conference. The recent data has been choppy, due to calendar shifts, but encouraging, with the Truist Card Data pointing to mostly inline or better than expected Q4 sales at participating covered companies, the analyst tells investors in a research note. For the company, the data show accelerating growth since October, when reported comps were up 4.5%, Truist added.