Goldman Sachs Maintains Neutral Rating for Driven Brands Hldgs: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Neutral rating for Driven Brands Hldgs (NASDAQ:DRVN) but lowered its price target from $33.00 to $21.00. Despite this, shares of Driven Brands Hldgs are trading up 6.94% over the last 24 hours, at $16.25 per share.
August 04, 2023 | 2:00 pm
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Goldman Sachs has maintained its Neutral rating for Driven Brands Hldgs but lowered its price target. Despite this, DRVN shares are trading up 6.94% over the last 24 hours.
Goldman Sachs' decision to maintain its Neutral rating for Driven Brands Hldgs indicates that the bank does not see significant upside or downside in the short term. However, the lowering of the price target could be seen as a negative signal, potentially putting downward pressure on the stock. Despite this, the stock is trading up 6.94% over the last 24 hours, suggesting that the market may not be overly concerned about the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100