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.
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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