Stephens raised the firm’s price target on Cheesecake Factory (CAKE) to $73 from $60 and keeps an Overweight rating on the shares. The firm adjusted targets in the restaurant group as part of a Q2 earnings preview. Sentiment regarding restaurants is more optimistic exiting Q2 compared to the beginning of the quarter, the analyst tells investors in a research note
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Read More on CAKE:
- 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
- Cheesecake Factory Stockholders Approve Stock Incentive Amendment