Wells Fargo raised the firm’s price target on Cheesecake Factory (CAKE) to $52 from $45 and keeps an Equal Weight rating on the shares. Amidst a strong Q4 CD backdrop, Cheesecake Factory delivered in line comps with profits well managed and 2025 outlook largely as expected. That said, Q4 traffic was negative, quarter-to-date softer, and with Cheesecake Factory +14% year-to-date, Wells sees shares taking a breather.
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