Piper Jaffray's Nicole Miller Regan offers up a pair trade within the restaurant sector, issuing...

|By:, SA News Editor

Piper Jaffray's Nicole Miller Regan offers up a pair trade within the restaurant sector, issuing an upgrade on Cheesecake Factory (CAKE +1.3%) to Overweight from Neutral and downgrading P.F. Chang's (PFCB -2.1%) to Underweight from Neutral. Price target changes: CAKE $32 from $30, PFCB $24 from $33.