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Fly News Breaks for January 28, 2016
CAKE
Jan 28, 2016 | 07:48 EDT
Stephens analyst Will Slabaugh believes the restaurant space is becoming increasingly attractive, especially as year-over-year comparisons ease after January. Slabaugh upgraded Cheesecake Factory to Overweight from Equal Weight as he thinks it will continue to outperform both the restaurant sector and broader consumer space. The analyst maintains a $58 price target on Cheesecake Factory shares.
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