Canaccord Genuity Maintains Buy on Driven Brands Hldgs, Lowers Price Target to $24
Portfolio Pulse from richadhand@benzinga.com
Canaccord Genuity analyst Brian McNamara maintains a 'Buy' rating on Driven Brands Hldgs (NASDAQ:DRVN) but lowers the price target from $41 to $24.
August 04, 2023 | 2:07 pm
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Canaccord Genuity maintains a 'Buy' rating on Driven Brands Hldgs but lowers the price target from $41 to $24.
The news is directly about Driven Brands Hldgs. The 'Buy' rating is maintained which is positive, but the price target is lowered from $41 to $24 which could be seen as negative. This mixed signal might lead to uncertainty among investors, potentially impacting the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100