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Fly News Breaks for May 24, 2017
SHAK
May 24, 2017 | 05:48 EDT
Piper Jaffray analyst Nicole Miller Regan started Shake Shack with an Overweight rating and $44 price target. Channel checks suggest current consensus estimates are achievable, and he company's unit-level economics are "solid," Regan tells investors in a research note. She views the current valuation as attractive.
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