Shake Shack (SHAK) stock price rises 8%, after Deutsche Bank upgraded the fast-food chain's rating to "Buy" with a target price of $105, citing its valuation as "near the bottom." The small-cap stock was previously expected to decline 30% by 2025, but its investments in digital transformation across over 400 stores and menu innovation are seen as a good rebound opportunity.
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Shake Shack (SHAK) stock price rises 8%, after Deutsche Bank upgraded the fast-food chain's rating to "Buy" with a target price of $105, citing its valuation as "near the bottom." The small-cap stock was previously expected to decline 30% by 2025, but its investments in digital transformation across over 400 stores and menu innovation are seen as a good rebound opportunity.