Baird lowered the firm’s price target on Cheesecake Factory (CAKE) to $57 from $64 and keeps a Neutral rating on the shares. The firm updated its model following Q3 results as softer comps prompts a reduction in estimates.
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Read More on CAKE:
- Cheesecake Factory price target lowered to $65 from $68 at Citi
- Cheesecake Factory price target lowered to $56 from $61 at BofA
- Cheesecake Factory price target lowered to $64 from $70 at Stephens
- Cautious Outlook: Sell Rating on Cheesecake Factory Amid Macroeconomic Challenges and Overvaluation
- Cheesecake Factory price target lowered to $48 from $50 at Barclays