BUZZ-Shake Shack rises after Mizuho upgrades to 'outperform'

Shake Shack, Inc. Class A

Shake Shack, Inc. Class A

SHAK

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** 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


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