Morgan Stanley Maintains Overweight on Cava Group, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour has maintained an Overweight rating on Cava Group (NYSE:CAVA) and raised the price target from $41 to $42.
November 08, 2023 | 9:03 pm
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Morgan Stanley has maintained an Overweight rating on Cava Group and raised the price target from $41 to $42, indicating a positive outlook for the company.
The Overweight rating maintained by Morgan Stanley indicates that they believe Cava Group's stock will outperform the average market return. The increase in price target from $41 to $42 suggests that they expect the stock's price to rise in the short term. This is likely to have a positive impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100