JP Morgan Maintains Underweight on Cheesecake Factory, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe maintains an Underweight rating on Cheesecake Factory (NASDAQ:CAKE) but raises the price target from $34 to $40.
May 28, 2024 | 1:37 pm
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NEUTRAL IMPACT
JP Morgan analyst John Ivankoe maintains an Underweight rating on Cheesecake Factory but raises the price target from $34 to $40.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive expectations. The mixed signals are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100