There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Cheesecake Factory (CAKE) and Euroseas (ESEA) with bullish sentiments.
Cheesecake Factory (CAKE)
In a report released today, Stephen Anderson from Maxim Group maintained a Buy rating on Cheesecake Factory, with a price target of $60. The company’s shares closed yesterday at $46.38.
Anderson said:
“We maintain our Buy rating on The Cheesecake Factory (CAKE) and raise our price target to $60, from $55, as we now account for the pending acquisition of the fast-growing North Italia concept.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 11.1% and a 68.4% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Cheesecake Factory with a $49.38 average price target.
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Euroseas (ESEA)
In a report released today, James Jang from Maxim Group maintained a Buy rating on Euroseas, with a price target of $2.50. The company’s shares closed yesterday at $0.63, close to its 52-week low of $0.53.
Jang noted:
“Euroseas (ESEA) reported 4Q18 results below our estimates and consensus as the ongoing U.S.-China trade war has limited containership throughput. Sentiment remains soft and ESEA fixed its vessels at lower than expected rates.”
According to TipRanks.com, Jang is a 3-star analyst with an average return of 2.5% and a 33.1% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Eagle Bulk Shipping Inc, and Nordic American Tanker.
The the analyst consensus on Euroseas is currently a Hold rating.
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