RBC Capital Maintains Outperform on Driven Brands Hldgs, Lowers Price Target to $20
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Steven Shemesh has maintained an 'Outperform' rating on Driven Brands Hldgs (NASDAQ:DRVN), but lowered the price target from $40 to $20.
August 04, 2023 | 1:31 pm
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RBC Capital has maintained an 'Outperform' rating on Driven Brands Hldgs but lowered the price target from $40 to $20.
The lowering of the price target by RBC Capital from $40 to $20 indicates a potential decrease in the stock's value. However, the 'Outperform' rating suggests that the stock is still expected to do better than the market average. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
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