Stephens & Co. Maintains Overweight on Cheesecake Factory, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Joshua Long maintains an Overweight rating on Cheesecake Factory (NASDAQ:CAKE) but lowers the price target from $40 to $35.
November 02, 2023 | 2:07 pm
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NEGATIVE IMPACT
Cheesecake Factory's price target has been lowered from $40 to $35 by Stephens & Co., though the Overweight rating is maintained.
The lowering of the price target by Stephens & Co. indicates a potential decrease in the short-term value of Cheesecake Factory's stock. However, the maintained Overweight rating suggests that the company is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100