Morgan Stanley Downgrades Cheesecake Factory (CAKE) to Underweight

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Cheesecake Factory (CAKE) Trades Lower Following Downgrade

January 17, 2020 7:04 AM EST

Cheesecake Factory (NASDAQ: CAKE) shares edged lower prior to the market open after it was cut to Underweight at Morgan Stanley with a price target of $38. Shares were down 1.7%.

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