Morgan Stanley upgraded shares of Shake Shack ( NYSE:SHAK – Get Rating ) from an underweight rating to an equal weight rating in a research note issued to investors on Friday, The Fly reports. The brokerage currently has $63.00 target price on the stock, up from their previous target price of $52.00. A number of other equities research analysts have also issued reports on SHAK. BTIG Research increased their price target on Shake Shack from $65.00 to $75.00 in a research report on Friday, May 5th.

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