BofA raised the firm’s price target on Cheesecake Factory (CAKE) to $67 from $61 and keeps a Neutral rating on the shares. The firm is fine-tuning estimates for 20-plus companies across its restaurant coverage and also adjusting selected price targets to reflect estimate and market multiple changes ahead of earnings from the group.
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Read More on CAKE:
- Cheesecake Factory price target raised to $50 from $45 at UBS
- Cheesecake Factory price target raised to $57 from $45 at Barclays
- 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