JPMorgan Increases Price Target and Stays Cautious on Shake Shack Stock
Monday, 4 March 2024, 07:24
JPMorgan raises Shake Shack stock target to $100, maintains Underweight
JPMorgan has decided to increase the target price for Shake Shack stock to $100 while continuing to advocate for an Underweight rating. This decision suggests a mixed outlook, emphasizing growth opportunities for the company but also flagging potential risks regarding its valuation in the market.
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