Argus analyst Christine Dooley raised the firm’s price target on Cheesecake Factory (CAKE) to $72 from $65 and keeps a Buy rating on the shares. The Q1 report brought a turnaround in same-store sales at Cheesecake Factory, after two consecutive quarters of declines, the analyst tells investors in a research note. The firm believes consumers are drawn to Cheesecake’s refreshed menu.
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