Cheesecake Factory price target lowered to $26 from $28 at Barclays

Barclays lowered the firm’s price target on Cheesecake Factory to $26 from $28 and keeps an Underweight rating on the shares. The company’s Q3 report fell short of expectations on comp, margin and earnings, the analyst tells investors in a research note. Importantly though, comps accelerated in October, similar to the industry, says the firm. It believes the question remains sustainability of the comp uptick and Cheesecake’s ability to achieve the unit growth despite headwinds.