This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXMPECBB1FV_M.jpg
Investing.com — The Cheesecake Factory (NASDAQ:CAKE) rose 9% after getting a price target boost from Wells Fargo (NYSE:WFC).
The firm maintained its buy-equivalent rating on the restaurant chain, and raised its price target to $37 from $30, according to StreetInsider. The stock currently trades at just over $33.
Meanwhile, Wedbush maintained its hold rating with a price target of $31, according to Smarter Analyst.
Last week, Morgan Stanley (NYSE:MS) maintained a sell rating on Cheesecake Factory with a price target of $26.
The most recent earnings report for The Cheesecake Factory showed a loss per share of 87 cents, better than the expected loss of $1.11. But sales were $295.85 million versus the expected $324 million. This was the first quarterly loss since at least 2013, which is as far back as Investing.com numbers go.
