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Fly News Breaks for January 8, 2020
SHAK
Jan 8, 2020 | 16:15 EDT
Raymond James analyst Brian Vaccaro initiated coverage of Shake Shack with an Underperform rating citing "overly optimistic" 2020/2021 expectations that seem to create downside risk. As a result, the analyst believes risk/reward is "negative" and believes long-term investors may be presented a better entry point over the next few quarters when expectations further reset.
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