Baird lowered the firm’s price target on Cheesecake Factory (CAKE) to $50 from $57 and keeps a Neutral rating on the shares. The firm lowered its price targets on a number of restaurant names under its coverage.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAKE:
- Strategic Financial Maneuvers Boost The Cheesecake Factory’s Outlook Amid Challenges
- Closing Bell Movers: Hims & Hers down nearly 20% on earnings miss
- Cheesecake Factory announces $450M convertible senior notes offering
- Cheesecake Factory Reports Record Earnings and Expansion Plans
- Cheesecake Factory price target raised to $60 from $56 at Raymond James