Morgan Stanley Reiterates Underweight on Cheesecake Factory, Maintains $31 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst John Glass has reiterated an Underweight rating on Cheesecake Factory (NASDAQ:CAKE) and maintained a $31 price target.
August 04, 2023 | 7:24 pm
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Morgan Stanley has reiterated an Underweight rating on Cheesecake Factory, maintaining a $31 price target.
The Underweight rating from Morgan Stanley suggests that they expect Cheesecake Factory's stock to underperform compared to other stocks. This could potentially lead to a decrease in the stock's price. The maintained price target of $31 also indicates that the analyst does not foresee significant growth in the stock's price in the near future.
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IMPORTANCE 80
RELEVANCE 100