Baird Maintains Neutral on Cheesecake Factory, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Tarantino has maintained a Neutral rating on Cheesecake Factory (NASDAQ:CAKE) while raising the price target from $40 to $47.
October 30, 2024 | 11:21 am
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Baird analyst David Tarantino has maintained a Neutral rating on Cheesecake Factory but increased the price target from $40 to $47, indicating a positive outlook.
The increase in the price target from $40 to $47 suggests a more optimistic view on Cheesecake Factory's future performance, which could positively influence investor sentiment and potentially lead to a short-term price increase.
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