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Fly News Breaks for August 6, 2019
SHAK
Aug 6, 2019 | 08:57 EDT
Wedbush analyst Nick Setyan raised his price target for Shake Shack to $75 from $70 following better than expected Q2 EPS and same-store sales growth. The analyst continues to expect investors' long-term focus to remain the key driver of valuation over near- and medium-term risks given the company's industry-leading unit growth. Setyan reiterates a Neutral rating on the shares.
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