JP Morgan Downgrades Cheesecake Factory to Underweight, Announces $33 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe downgraded Cheesecake Factory (NASDAQ:CAKE) from Neutral to Underweight and set a price target of $33.
January 23, 2024 | 2:19 pm
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Cheesecake Factory was downgraded by JP Morgan from Neutral to Underweight with a $33 price target.
Downgrades by major financial institutions like JP Morgan typically lead to a negative short term impact on the stock price as market sentiment adjusts to the new analyst rating and price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100