Information Provided By:
Fly News Breaks for August 14, 2018
SHAK
Aug 14, 2018 | 06:08 EDT
Piper Jaffray analyst Nicole Miller Regan sees two ways that shares of Shake Shack are undervalued. First, fewer restaurant stocks create scarcity value while ongoing consolidation lend valuation support, Regan tells investors in a research note. And second, the analyst says one-third of Shake Shack's unit base that is licensed is undervalued, as illustrated by her sum-of-the-parts analysis. The analyst raised her price target for the stock to $64 from $62 and keeps an Overweight rating on Shake Shack.
News For SHAK From the Last 2 Days
There are no results for your query SHAK