UPDATE: DA Davidson Terminates Coverage on Cheesecake Factory

DA Davidson says it is dropping its Neutral rating and $33 price target on Cheesecake Factory (NASDAQ: CAKE) due to the departure of the analyst that covered the company.

DA Davidson notes, "Due to the departure of our analyst we are dropping coverage of CAKE shares effective immediately. All estimates, target prices and rating (Neutral) published by D.A. Davidson & Co. on April 26, 2012 are now being vacated."

CAKE closed at $31.44 on Monday.

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