Deutsche Bank Initiates Coverage On Cheesecake Factory with Hold Rating, Announces Price Target of $32
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Lauren Silberman has initiated coverage on Cheesecake Factory (NASDAQ:CAKE) with a Hold rating and a price target of $32.
October 19, 2023 | 9:22 am
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Deutsche Bank has initiated coverage on Cheesecake Factory with a Hold rating and a price target of $32.
The Hold rating from Deutsche Bank suggests that the bank sees the stock as fairly valued at current levels. The price target of $32 provides a reference point for investors, but does not necessarily suggest a strong upside or downside. Therefore, the short-term impact on the stock price is likely to be neutral.
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IMPORTANCE 70
RELEVANCE 100