Canaccord Genuity Maintains Buy on Driven Brands Hldgs, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Brian McNamara maintains a Buy rating on Driven Brands Holdings (DRVN) but lowers the price target from $22 to $20.
February 23, 2024 | 2:37 pm
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Canaccord Genuity maintains a Buy rating on Driven Brands Holdings but lowers the price target from $22 to $20.
The maintenance of a Buy rating by Canaccord Genuity suggests a positive outlook on DRVN's fundamentals. However, the reduction in the price target from $22 to $20 indicates a slight adjustment in expectations, possibly due to market conditions or company performance. This mixed signal could lead to a neutral short-term impact on DRVN's stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100