B of A Securities Maintains Neutral on Cheesecake Factory, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Cheesecake Factory (NASDAQ:CAKE) while raising the price target from $45 to $47.
October 22, 2024 | 6:06 pm
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B of A Securities has maintained a Neutral rating on Cheesecake Factory, but raised the price target from $45 to $47, indicating a slightly more positive outlook.
The increase in price target from $45 to $47 suggests a slightly more optimistic view on Cheesecake Factory's stock performance, which could lead to a positive short-term impact on the stock price. However, the Neutral rating indicates that the analyst does not expect significant outperformance.
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IMPORTANCE 70
RELEVANCE 100