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Shake Shack Pulls Back Off Highs But Remains Firmly Positive

After an early move to the upside, shares of Shake Shack (SHAK) have pulled back off their best levels of the day but remain firmly in positive territory in afternoon trading on Thursday. Shake Shack is currently up by 7.6 percent after reaching a two-year intraday high.

The early jump by Shake Shack came after Morgan Stanley upgraded its rating on the restaurant chain to Equal Weight from Underweight.

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