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Fly News Breaks for June 20, 2017
CAKE
Jun 20, 2017 | 08:28 EDT
Argus analyst John Staszak downgraded Cheesecake Factory after the company lowered its Q2 same-store sales guidance from an increase of 0.5%-1.5% to a decline of 1%. The analyst says that following the update the stock is fairly valued at current levels.
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