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Fly News Breaks for July 11, 2017
CAKE
Jul 11, 2017 | 07:08 EDT
As noted earlier, Wedbush started coverage of Cheesecake Factory with a $57 price target and an Outperform rating. Analyst Nick Setyan says he expects the company's fundamentals to resume outperforming its casual dining peers in 2H17. As a result, he expects the stock's valuation to rise. Calling the company's unit productivity "enviable," he says that the pressure on the stock has been overdone.
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