Stocks
JPMorgan Chase Lowers Shake Shack Price Target to $75.00
JPMorgan Chase & Co. reduced its price target for Shake Shack (NYSE:SHAK) to $75.00 from $77.00, citing a 'neutral' rating on the stock.
This move represents a potential upside of 30.03% from the company's previous close of $57.68.
Multiple analysts have weighed in on Shake Shack, with some upgrading their ratings and others lowering their price targets.
Institutional investors have been active in buying shares of Shake Shack, with Integrated Wealth Concepts LLC purchasing a new position worth approximately $47,000 during the second quarter.