Wells Fargo Maintains Equal-Weight on Cheesecake Factory, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem maintains an Equal-Weight rating on Cheesecake Factory (NASDAQ:CAKE) and raises the price target from $38 to $45.
October 30, 2024 | 2:55 pm
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Wells Fargo has maintained its Equal-Weight rating on Cheesecake Factory and increased the price target from $38 to $45, indicating a positive outlook.
The increase in price target from $38 to $45 by Wells Fargo suggests a positive outlook for Cheesecake Factory, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target is a positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100