Morgan Stanley Maintains Underweight on Cheesecake Factory, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst John Glass has maintained an Underweight rating on Cheesecake Factory (NASDAQ:CAKE) and lowered the price target from $31 to $28.
October 11, 2023 | 2:59 pm
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Morgan Stanley has maintained an Underweight rating on Cheesecake Factory and lowered the price target from $31 to $28.
The lowered price target by Morgan Stanley indicates a bearish outlook for Cheesecake Factory. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100