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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.