Truist Securities lowers Shake Shack stock price target to $156 on beef costs
NegativeFinancial Markets

Truist Securities has lowered its price target for Shake Shack's stock to $156, citing rising beef costs as a significant factor. This adjustment reflects concerns about the impact of increased ingredient prices on the restaurant's profitability. Investors should pay attention to how Shake Shack navigates these challenges, as it could influence their market performance and overall growth strategy.
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