Barclays Maintains Underweight on Cheesecake Factory, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Underweight rating on Cheesecake Factory (NASDAQ:CAKE) and lowers the price target from $32 to $28.
October 23, 2023 | 3:02 pm
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NEGATIVE IMPACT
Barclays has maintained an Underweight rating on Cheesecake Factory and lowered the price target from $32 to $28.
The lowered price target by Barclays 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