BofA raised the firm’s price target on Cheesecake Factory (CAKE) to $52 from $49 and keeps a Neutral rating on the shares. The firm raised its price targets on several restaurant operators as market multiples have expanded.
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Read More on CAKE:
- Cheesecake Factory price target raised to $59 from $52 at Wedbush
- Cheesecake Factory price target raised to $49 from $47 at BofA
- 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