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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Business

Business & Economics

TD Cowen Downgrades Shake Shack (SHAK) to Hold, Maintains $105 PT

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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77% Informative

TD Cowen downgraded Shake Shack Inc. from Buy to Hold, while maintaining its previous price target of $ 105 .

The firm stated that the current share price is trading above its 3-year average, and the challenging environment for restaurant spending will likely limit further multiple expansion.

The rating downgrade comes after Shake Shack reported its Q1 2025 results on May 1 .

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