Wedbush Maintains Outperform on Dutch Bros, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan has maintained an Outperform rating on Dutch Bros (NYSE:BROS), but lowered the price target from $37 to $31.

November 03, 2023 | 2:19 pm
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Wedbush analyst has maintained an Outperform rating on Dutch Bros but lowered the price target from $37 to $31.
The news is directly about Dutch Bros (BROS). The Outperform rating suggests that the analyst expects the stock to do better than the market average, which is positive. However, the lowering of the price target from $37 to $31 might create a negative sentiment among investors, potentially putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100