Barclays Maintains Underweight on Cheesecake Factory, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein has maintained an Underweight rating on Cheesecake Factory (NASDAQ:CAKE) and lowered the price target from $33 to $32.
May 09, 2024 | 3:44 pm
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Barclays maintains an Underweight rating on Cheesecake Factory and lowers the price target from $33 to $32.
The reduction in price target by Barclays, accompanied by an Underweight rating, suggests a bearish outlook on Cheesecake Factory's stock in the short term. This could lead to negative investor sentiment and potentially lower stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100