RBC Capital Maintains Outperform on Driven Brands Hldgs, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh has maintained an Outperform rating on Driven Brands Holdings (DRVN) but lowered the price target from $20 to $17.
February 26, 2024 | 3:32 pm
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RBC Capital maintains an Outperform rating on Driven Brands Holdings but lowers the price target from $20 to $17.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a positive outlook on DRVN's performance but with a more conservative valuation. This could lead to mixed reactions in the short term, as investors recalibrate their expectations based on the new price target.
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IMPORTANCE 80
RELEVANCE 90