JP Morgan Maintains Underweight on Cheesecake Factory, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe maintains an Underweight rating on Cheesecake Factory (NASDAQ:CAKE) and lowers the price target from $40 to $38.
August 06, 2024 | 4:27 pm
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JP Morgan analyst John Ivankoe maintains an Underweight rating on Cheesecake Factory and lowers the price target from $40 to $38.
The lowered price target and maintained Underweight rating by JP Morgan suggest a bearish outlook on Cheesecake Factory's stock, likely leading to a short-term negative impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100