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Fly News Breaks for March 2, 2017
SHAK
Mar 2, 2017 | 07:38 EDT
SunTrust analyst Jake Bartlett says that Shake Shak's lower than expected Q1 SSS increase has created a good buying opportunity. He says that the company's store growth guidance is "strong," while its comparisons ease starting in Q2. The analyst also expects SSS to be boosted by "menu pricing, the new Shack app and strong promotions." He keeps a $49 price target and a Buy rating on the shares.
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