Citigroup Initiates Coverage On Cava Group with Neutral Rating, Announces Price Target of $42
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Jon Tower has initiated coverage on Cava Group (NYSE:CAVA) with a Neutral rating and a price target of $42.

July 10, 2023 | 9:12 am
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Citigroup has initiated coverage on Cava Group with a Neutral rating and a price target of $42.
The initiation of coverage by Citigroup with a Neutral rating suggests that the bank sees the stock as fairly valued at current levels. The price target of $42 indicates where they believe the stock will trade in the near future. This could influence investor sentiment and trading behavior, but as the rating is Neutral, it's not expected to have a significant impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100