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Fly News Breaks for March 20, 2017
SHAK
Mar 20, 2017 | 06:46 EDT
Wedbush analyst Nick Setyan upgraded Shake Shack to Neutral from Underperform and removed it from the Best Ideas List saying valuation is now more in line with long-term opportunities. Setyan believes same-store-sales growth headwinds and softer new unit volumes in 2017 are now well understood and raised Shake Shack's price target to $33 from $30
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