Piper Sandler Maintains Overweight on Driven Brands Hldgs, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Peter Keith maintains an Overweight rating on Driven Brands Holdings (DRVN) but lowers the price target from $22 to $18.

February 26, 2024 | 2:54 pm
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Piper Sandler maintains an Overweight rating on Driven Brands Holdings but lowers the price target from $22 to $18.
The reduction in the price target from $22 to $18 by a reputable analyst firm like Piper Sandler could lead to a negative short-term sentiment among investors, potentially causing a decrease in DRVN's stock price. The maintenance of an Overweight rating indicates a positive outlook on the company's fundamentals, but the lowered price target might reflect concerns about near-term challenges or valuation adjustments.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100