Barclays Maintains Overweight on Driven Brands Hldgs, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Seth Sigman has maintained an Overweight rating on Driven Brands Hldgs (NASDAQ:DRVN) but lowered the price target from $35 to $27.
August 04, 2023 | 3:06 pm
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Barclays has maintained an Overweight rating on Driven Brands Hldgs but lowered the price target from $35 to $27.
The lowering of the price target by Barclays from $35 to $27 indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that Barclays still sees the stock as a good investment relative to other stocks. This could lead to mixed reactions in the market, but the lowered price target is likely to have a negative short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100