BUZZ-Shake Shack rises after Mizuho upgrades to 'outperform'
Reuters04-10 21:01
BUZZ-<a href="https://laohu8.com/S/SHAK">Shake Shack</a> rises after Mizuho upgrades to 'outperform'
** Shares of fast-food chain operator Shake Shack SHAK.N up 3% at $100.61 premarket
** Mizuho raises rating to "outperform" from "neutral", PT to $120 from $100
** The new PT represents 23% upside to the stock's last close
** Brokerage sees upside to Q1 same-store sales, helped by improving comp drivers like marketing and expanded value offerings
** Adds that stronger top‑line performance and supply‑chain efficiencies are supporting restaurant margins
** 17 of 29 brokerages rate the stock "buy" or higher, and the rest "hold"; their median PT is $118 - data compiled by LSEG
** As of last close, SHAK stock up 20% YTD
(Reporting by Sanskriti Shekhar in Bengaluru)
((Sanskriti.Shekhar@thomsonreuters.com))
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