Raymond James Upgrades Cheesecake Factory to Outperform, Announces $42 Price Target
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Vaccaro upgrades Cheesecake Factory (NASDAQ:CAKE) from Market Perform to Outperform with a new price target of $42.

May 09, 2024 | 4:56 pm
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Cheesecake Factory upgraded by Raymond James to Outperform with a $42 price target.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a positive outlook on the company's future performance. The upgrade from Market Perform to Outperform, combined with a significant price target of $42, suggests a strong confidence in Cheesecake Factory's potential for growth and profitability. This is likely to attract investor interest and could drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100