Gordon Haskett analyst Jeff Farmer downgraded Cheesecake Factory to Hold from Accumulate with a $40 price target. The analyst believes casual dining margin expectations are aggressive. He also notes dining stocks are up 15% on average through the first two weeks of 2023.
Published first on TheFly
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Read More on CAKE:
- Cheesecake Factory downgraded to Neutral from Buy at Citi
- Cheesecake Factory price target lowered to $28 from $31 at Barclays
- Cheesecake Factory downgraded to Sell from Neutral at Goldman Sachs
- Cheesecake Factory management to meet with Oppenheimer
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