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Fly News Breaks for February 25, 2020
SHAK
Feb 25, 2020 | 09:16 EDT
MKM Partners analyst Brett Levy raised his price target on Shake Shack to $70 but kept his Neutral rating after its Q4 results. The analyst notes that the company's quarterly comps were softer and the outlook was below expectations, with near term challenges likely outweighing its longer term potential. Levy still sees "tremendous legs for growth" for Shake Shack however, even though the analyst cuts his FY20 EPS view by 9c to 56c per share.
News For SHAK From the Last 2 Days
SHAK
Apr 22, 2024 | 08:44 EDT
Raymond James raised the firm's price target on Brinker (EAT) to $54 from $50 and keeps a Strong Buy rating on the shares. The firm maintains a selective stance towards its restaurant coverage universe as industry sales have underwhelmed in recent months, causing Raymond James to increasingly favor stocks it view as having "idiosyncratic factors trading at attractive valuations," such as Brinker, Shake Shack (SHAK), First Watch (FWRG) and Bloomin' Brands (BLMN), the analyst tells investors in a group earnings preview note.
