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Analysts divided on Shake Shack

Published 11/02/2017, 02:06 PM
© Reuters.  Analysts divided on Shake Shack
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  • Shares of Shake Shack (SHAK -2.8%) are lower after starting off the day in positive territory.
  • Morgan Stanley (NYSE:MS) lifted its price target to $34 on the restaurant stock after taking in Q3 earnings, while keeping its Underweight rating in place.
  • SunTrust points to "stabilizing" same-store sales trends in backing its Buy rating and new price target of $50.
  • Meanwhile, Hedgeye is calling out 50% downside potential for shares.
  • Volume on SHAK today is already over 1.1M shares vs. 635K on average.
  • Sources: Bloomberg, Nasdaq.com
  • Previously: Shake Shack beats by $0.02, misses on revenue (Nov. 1)
  • Previously: Menu pricing lifts Shake Shack (Nov. 1)
  • Now read: Shake Shack 2017 Q3 - Results - Earnings Call Slides


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