Jefferies Initiates Coverage On Cava Group with Buy Rating, Announces Price Target of $48
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Alexander Slagle has initiated coverage on Cava Group (NYSE:CAVA) with a Buy rating and a price target of $48.
July 10, 2023 | 9:27 am
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Jefferies has initiated coverage on Cava Group with a Buy rating and a price target of $48, which could potentially boost investor confidence in the stock.
The initiation of coverage by Jefferies, a reputable financial institution, with a Buy rating indicates a positive outlook for Cava Group. The price target of $48, if higher than the current trading price, suggests potential upside, which could attract investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100