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Fly News Breaks for August 6, 2019
SHAK
Aug 6, 2019 | 08:08 EDT
Credit Suisse analyst Lauren Silberman raised her price target for Shake Shack to $83 from $77 after the company beat Q2 expectations, with same-store sales of 3.6%. The analyst continues to believe execution against on-trend initiatives and compelling unit economics support strong expansion trends, while growth in penetrated markets should help the company increase efficiency over time. He reiterates an Outperform rating on the shares.
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