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Fly News Breaks for February 21, 2019
CAKE
Feb 21, 2019 | 08:04 EDT
Maxim analyst Stephen Anderson raised his price target on Cheesecake Factory to $60 and kept his Buy rating after its Q4 results, saying that while earnings missed expectations, its blended 1.9% comps were above consensus of 0.8% and his forecast of 1.5%. The analyst also cites the company's pending acquisition of the North Italia concept that is expected to be completed in Q3 of this year and become accretive to earnings in 2020.
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