Wedbush Reiterates Neutral on Cheesecake Factory, Maintains $32 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan has reiterated a Neutral rating on Cheesecake Factory (NASDAQ:CAKE) and maintained a $32 price target for the company's stock.

November 20, 2023 | 4:40 pm
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Wedbush analyst Nick Setyan reaffirmed a Neutral rating on Cheesecake Factory with a $32 price target, indicating no significant change in the stock's outlook.
The reiteration of a Neutral rating and maintenance of the price target suggests that Wedbush does not foresee any major short-term changes in Cheesecake Factory's stock performance. The analyst's view is likely based on the company's current performance and market conditions, which do not seem to have changed significantly to alter the investment outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100