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Fly News Breaks for May 3, 2019
SHAK
May 3, 2019 | 09:05 EDT
SunTrust analyst Jake Bartlett raised his price target on Shake Shack to $70 and kept his Buy rating after its second consecutive quarter of above-consensus comps. The analyst believes that the "material" contribution from digital sales is offsetting the cannibalization of new stores and expects investor focus to shift to the company's "leading unit growth" in the industry.
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