BofA raised the firm’s price target on Cheesecake Factory (CAKE) to $66 from $65 and keeps a Neutral rating on the shares. The firm is fine-tuning estimates for 22 restaurant companies across its coverage and adjusting select price targets to reflect estimate and valuation multiple changes.
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Read More on CAKE:
- Arm upgraded, Flutter downgraded: Wall Street’s top analyst calls
- Cheesecake Factory downgraded to Market Perform from Outperform at Raymond James
- Cheesecake Factory price target raised to $50 from $49 at Morgan Stanley
- Cheesecake Factory price target raised to $65 from $56 at BofA
- Cheesecake Factory price target raised to $51 from $48 at Barclays