Citigroup Maintains Neutral on Cava Group, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower has maintained a Neutral rating on Cava Group (NYSE:CAVA) and raised the price target from $42 to $48.

August 16, 2023 | 3:33 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Cava Group and raised the price target from $42 to $48.
The news is directly about Cava Group. Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $42 to $48 suggests a positive outlook in the longer term. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100