Wedbush Initiates Coverage On Cava Group with Neutral Rating, Announces Price Target of $33
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan has initiated coverage on Cava Group (NYSE:CAVA) with a Neutral rating and a price target of $33.

October 11, 2023 | 8:19 am
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NEUTRAL IMPACT
Cava Group has been initiated with a Neutral rating by Wedbush, with a price target of $33.
The initiation of coverage by Wedbush with a Neutral rating suggests that the analyst sees the stock as fairly valued at current levels. The price target of $33 provides a reference point for investors, but does not necessarily suggest significant upside or downside in the short term. Therefore, the impact on the stock price in the short term is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100