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Fly News Breaks for June 13, 2017
CAKE
Jun 13, 2017 | 14:22 EDT
Jefferies analyst Andy Barish upgraded Cheesecake Factory to Hold from Underperform with an unchanged price target of $52. Valuation and expectations are now reduced after the company announced "soft" Q2 same-store-sales, Barish tells investors in an intraday research note. The analyst believes downside is now "fairly limited" with the shares down 10% today.
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