JP Morgan Initiates Coverage On Cava Group with Overweight Rating, Announces Price Target of $45
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst John Ivankoe has initiated coverage on Cava Group (NYSE:CAVA) with an Overweight rating and a price target of $45.
July 10, 2023 | 9:13 am
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POSITIVE IMPACT
JP Morgan's Overweight rating and price target of $45 for Cava Group could potentially boost the company's stock in the short term.
Analyst ratings and price targets can significantly influence a company's stock price. In this case, JP Morgan's Overweight rating indicates that they expect Cava Group's stock to outperform the market, which could attract more investors and drive up the stock price. The price target of $45 also suggests a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100