Barclays Maintains Underweight on Cheesecake Factory, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Underweight rating on Cheesecake Factory (NASDAQ:CAKE) but raises the price target from $32 to $35.
August 01, 2024 | 3:49 pm
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Barclays analyst Jeffrey Bernstein maintains an Underweight rating on Cheesecake Factory but raises the price target from $32 to $35.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive expectations. The mixed signals likely result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100