Cheesecake Factory price target raised to $33 from $32 at Barclays

Barclays raised the firm’s price target on Cheesecake Factory to $33 from $32 and keeps an Underweight rating on the shares. The company’s Q4 was in-line on comp, while better than expected on margin and earnings, the analyst tells investors in a research note. Importantly, the comp was strongest in December, and following inclement weather in January, a return to prior levels in February, says the firm.