Raymond James analyst Brian Vaccaro downgraded Cheesecake Factory to Market Perform from Outperform without a price target. The downgrade reflects continued concerns regarding the company’s ability to recover pre-COVID margins, the analyst tells investors in a research note, adding that the stock is now fairly valued.
Published first on TheFly
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Read More on CAKE:
- Cheesecake Factory downgraded to Market Perform at Raymond James
- Cheesecake Factory downgraded to Hold from Accumulate at Gordon Haskett
- 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
