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Shake Shack Inc. (SHAK) Has Risen To A New High After Upgrade

Morgan Stanley upgraded its rating on shares of Shake Shack Inc. (SHAK) Thursday morning to "Equal weight" from "Underweight."

Shake Shack gapped open higher Thursday and has continued to rise in early trade. Shares are now up 2.62 at $44.40. The stock has been gaining ground for over a week and has risen to a new high for the year.

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