Argus analyst Christine Dooley raised the firm’s price target on Cheesecake Factory (CAKE) to $60 from $57 and keeps a Buy rating on the shares. The firm believes that Cheesecake’s recent menu changes, restaurant openings plan, and commitment to maintaining margins will lead to stronger earnings, the analyst tells investors.
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Read More on CAKE:
- Cheesecake Factory’s Earnings Call Highlights Growth and Challenges
- Cheesecake Factory price target raised to $55 from $52 at BofA
- Cheesecake Factory price target raised to $49 from $46 at Baird
- Cheesecake Factory price target raised to $50 from $45 at Wells Fargo
- Cheesecake Factory price target lowered to $45 from $46 at Barclays
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