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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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