Stephens & Co. Maintains Overweight on Cheesecake Factory, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Jim Salera maintains an Overweight rating on Cheesecake Factory (NASDAQ:CAKE) and raises the price target from $50 to $51.
October 30, 2024 | 10:40 am
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Stephens & Co. has maintained an Overweight rating on Cheesecake Factory and slightly increased the price target from $50 to $51, indicating a positive outlook.
The maintenance of an Overweight rating and a slight increase in the price target by a reputable analyst suggests a positive sentiment towards Cheesecake Factory's stock. This could lead to a short-term increase in stock price as investors react to the updated target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100