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08:55 AM Eastern Daylight Time, 03/16/2010 (MidnightTrader) — Cheesecake Factory (CAKE) is down 1.5% in premarket trade after getting lowered to underweight from neutral at Piper Jaffray.
In one instance where we tracked an analyst move, CAKE extended premarket losses in regular trading. On 6/21/2007, CAKE was down about 7%, in late regular session trade after being downgraded to peer perform this morning at Bear Stearns. That was lower than its premarket close of 25.10.
Price: 26.36, Change: -0.41 , Percent Change: -1.53
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