BofA lowered the firm’s price target on Cheesecake Factory (CAKE) to $56 from $61 and keeps a Neutral rating on the shares after the company’s Q3 results and forward guidance reflected the weakening demand environment. Following the report, the firm maintains its FY25 EPS forecast at $3.72, but lowers its FY26 EPS view to $3.96 from $4.12 as it incorporates slower top line growth expectations.
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Read More on CAKE:
- Cheesecake Factory price target lowered to $64 from $70 at Stephens
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