Analysts Offer Insights on Services Companies: Cheesecake Factory (CAKE) and CVS Health (CVS)


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.

See today’s analyst top recommended stocks >>

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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