Wells Fargo raised the firm’s price target on Cheesecake Factory (CAKE) to $45 from $38. While Q3 comps largely met expectations, the firm sees shares higher via RLM/EBIT% upside, positive Sept traffic, and bullish 2025 NI margin guide. While shares aren’t expensive and its EPS moves up a bit, traffic variability keeps Wells sidelined.
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Read More on CAKE:
- Cheesecake Factory price target raised to $47 from $40 at Baird
- Cheesecake Factory price target raised to $51 from $50 at Stephens
- Cheesecake Factory Reports Strong Q3 Results
- Cheesecake Factory price target raised to $44 from $38 at Barclays
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