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Fly News Breaks for December 12, 2019
CAKE
Dec 12, 2019 | 05:14 EDT
Goldman Sachs analyst Katherine Fogertey initiated coverage of Cheesecake Factory with a Neutral rating and $41 price target. The company faces a number of secular headwinds, including strong ties to mall traffic which is in structural decline, but these are well understood by investors and reflected in consensus estimates, Fogertey tells investors in a research note.
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