BUZZ-Shake Shack up after J.P.Morgan upgrades stock to 'neutral'
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Shake Shack shares rose 2% premarket after J.P.Morgan upgraded the stock to 'neutral' from 'underweight', despite cutting the price target to $90 from $95. The brokerage highlights Shake Shack's shift towards a more efficient model and plans to hire a CFO with operating experience. The launch of a loyalty program in 2026 is expected to boost digital transactions and marketing effectiveness. Currently, 12 brokerages rate the stock as 'buy', 13 as 'hold', and 2 as 'sell', with a median price target of $110.
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