Wedbush Maintains Neutral on Cheesecake Factory, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan has maintained a Neutral rating on Cheesecake Factory (NASDAQ:CAKE) and increased the price target from $32 to $34.
November 22, 2023 | 12:19 pm
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Wedbush analyst Nick Setyan maintains a Neutral rating on Cheesecake Factory but raises the price target from $32 to $34, indicating a potential upside from the current trading price.
The increase in price target by Wedbush suggests a positive outlook on the stock's value, which could lead to a short-term increase in the stock price. However, the Neutral rating indicates that the analyst does not see significant long-term growth or changes in fundamentals.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100