Analysts have been eager to weigh in on the Services sector with new ratings on Cheesecake Factory (CAKE) and CVS Health (CVS).
Cheesecake Factory (CAKE)
Barclays analyst Jeff Bernstein maintained a Sell rating on Cheesecake Factory today and set a price target of $40. The company’s shares opened today at $46.84.
According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 8.0% and a 70.2% success rate. Bernstein covers the Services sector, focusing on stocks such as Jack In The Box Inc, BJ’s Restaurants, and McDonald’s Corp.
Currently, the analyst consensus on Cheesecake Factory is a Hold with an average price target of $50.63.
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CVS Health (CVS)
In a report released yesterday, Ann Hynes from Mizuho Securities maintained a Buy rating on CVS Health, with a price target of $74. The company’s shares opened today at $64.03.
Hynes observed:
“We think base line operating assumptions are relatively in-line when excluding two times not repeated in 2019, including the HIF fee.”
According to TipRanks.com, Hynes is a 3-star analyst with an average return of 1.9% and a 50.7% success rate. Hynes covers the Services sector, focusing on stocks such as Quest Diagnostics Inc, Acadia Healthcare, and Tenet Healthcare.
CVS Health has an analyst consensus of Moderate Buy, with a price target consensus of $84.53, representing a 32.0% upside. In a report issued on February 7, Morgan Stanley also maintained a Buy rating on the stock with a $100 price target.
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