BofA raised the firm’s price target on Cheesecake Factory (CAKE) to $49 from $47 and keeps a Neutral rating on the shares. Following the Q3 report, the firm’s FY24 EPS forecast moves up to $3.31 from $3.21 to reflect the Q3 beat and the firm is rolling forward estimates one quarter, the analyst tells investors.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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 $52 from $48 at Wedbush
- Cheesecake Factory price target raised to $45 from $38 at Wells Fargo
- 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