Analysts’ Opinions Are Mixed on These Services Stocks: Urban Outfitters (NASDAQ: URBN) and Cheesecake Factory (NASDAQ: CAKE)

By Austin Angelo

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Urban Outfitters (NASDAQ: URBN) and Cheesecake Factory (NASDAQ: CAKE).

Urban Outfitters (NASDAQ: URBN)

Urban Outfitters (NASDAQ: URBN) received a Buy rating from Citigroup analyst Paul Lejuez today. The company’s shares closed yesterday at $39.25, close to its 52-week high of $40.80.

According to TipRanks.com, Lejuez is a 5-star analyst with an average return of 14.7% and a 64.4% success rate. Lejuez covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Abercrombie Fitch, and Burlington Stores.

Currently, the analyst consensus on Urban Outfitters is Moderate Buy and the average price target is $39, representing a -0.6% downside.

In a report issued on November 10, Wunderlich also upgraded the stock to Buy with a $40 price target.
Cheesecake Factory (NASDAQ: CAKE)

In a report released today, Stephen Anderson from Maxim Group downgraded Cheesecake Factory (NASDAQ: CAKE) to Hold, with a price target of $59. The company’s shares closed yesterday at $60.15, close to its 52-week high of $60.16.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 12.0% and a 72.8% success rate. Anderson covers the Services sector, focusing on stocks such as Popeyes Louisiana Kitchen, Buffalo Wild Wings, and Red Robin Gourmet.

Cheesecake Factory has an analyst consensus of Moderate Buy, with a price target consensus of $58.