Wedbush analyst Nick Setyan maintains Shake Shack (NYSE:SHAK) with a Outperform and lowers the price target from $61 to $58.
Stellantis Braces For Workforce Shake-Up: 539 Firings In America And 2,250 Temporary Layoffs In Italy
The layoffs in Italy— a result of weak demand — are set to begin on Feb. 12 and continue till March 3, Reuters reported.