Stifel Upgrades Dutch Bros to Buy, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Chris O'Cull has upgraded Dutch Bros (NYSE:BROS) from Hold to Buy and increased the price target from $32 to $35, indicating a positive outlook for the company's stock.
January 16, 2024 | 11:07 am
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Stifel's upgrade of Dutch Bros to Buy and a raised price target to $35 suggests a bullish stance on the company's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or future prospects for the company. The increase in price target further reinforces the positive sentiment.
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IMPORTANCE 90
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