Morgan Stanley Initiates Coverage On Cava Group with Equal-Weight Rating, Announces Price Target of $43
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Brian Harbour has initiated coverage on Cava Group (NYSE:CAVA) with an Equal-Weight rating and a price target of $43.
July 10, 2023 | 9:34 am
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Morgan Stanley has initiated coverage on Cava Group with an Equal-Weight rating and a price target of $43.
The initiation of coverage by Morgan Stanley is a significant event for Cava Group. The Equal-Weight rating suggests that the stock is expected to perform in line with the market or other stocks in its sector. The price target of $43 indicates where the analyst believes the stock will trade in the future. This could influence investor sentiment and potentially impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100