Barclays raised the firm’s price target on Cheesecake Factory (CAKE) to $57 from $45 and keeps an Underweight rating on the shares. The firm adjusted price targets in the restaurant group as part of a Q2 update. Comp sales reaccelerated through the quarter, led by value offers, with casual dining leading and quick service lagging, the analyst tells investors in a research note.
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Read More on CAKE:
- Cheesecake Factory price target raised to $73 from $60 at Stephens
- Cheesecake Factory price target raised to $45 from $40 at Morgan Stanley
- Cheesecake Factory price target raised to $75 from $65 at Oppenheimer
- Cheesecake Factory downgraded to Neutral from Buy at Goldman Sachs
- Cheesecake Factory price target raised to $58 from $50 at JPMorgan