Morgan Stanley Upgrades Cava Group to Overweight, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour has upgraded Cava Group (NYSE:CAVA) from Equal-Weight to Overweight, but lowered the price target from $45 to $41.
October 11, 2023 | 9:43 am
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Cava Group has been upgraded to Overweight by Morgan Stanley, indicating a positive outlook. However, the price target has been lowered from $45 to $41.
The upgrade to Overweight suggests that Morgan Stanley sees potential for Cava Group's stock to outperform the market. However, the lowering of the price target may indicate a tempered expectation of the stock's future price. This could lead to increased buying pressure in the short term, but the reduced price target may limit the upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100