Stephens & Co. Reiterates Overweight on Cheesecake Factory, Maintains $40 Price Target
Portfolio Pulse from richadhand@benzinga.com
Stephens & Co. analyst Joshua Long has reiterated an Overweight rating on Cheesecake Factory (NASDAQ:CAKE) and maintained a $40 price target.
August 04, 2023 | 12:38 pm
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Cheesecake Factory's stock rating has been reiterated as Overweight by Stephens & Co. with a maintained price target of $40.
The reiteration of an Overweight rating by Stephens & Co. indicates their positive outlook on Cheesecake Factory's stock. This could potentially attract investors and drive the stock price up in the short term. The maintained price target of $40 also suggests that the analyst believes the stock is currently undervalued.
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IMPORTANCE 80
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