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Analysts Offer Insights on Services Companies: WeWork (WE) and Shake Shack (SHAK)

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on WeWork (WEResearch Report) and Shake Shack (SHAKResearch Report) with bullish sentiments.

WeWork (WE)

In a report released yesterday, Tom Catherwood from BTIG maintained a Buy rating on WeWork, with a price target of $7.50. The company’s shares closed last Thursday at $1.69, close to its 52-week low of $1.02.

According to TipRanks.com, Catherwood is a 1-star analyst with an average return of -2.5% and a 48.2% success rate. Catherwood covers the Financial sector, focusing on stocks such as Innovative Industrial Properties, Industrial Logistics Properties, and Alexandria Equities.

WeWork has an analyst consensus of Strong Buy, with a price target consensus of $7.75, a 361.3% upside from current levels. In a report released yesterday, Piper Sandler also maintained a Buy rating on the stock.

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