Morgan Stanley Maintains Overweight on Cava Group, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour maintains an Overweight rating on Cava Group (NYSE:CAVA) and raises the price target from $49 to $62.
February 28, 2024 | 5:46 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Overweight rating on Cava Group and raises the price target from $49 to $62.
The upgrade in the price target by a reputable analyst like Morgan Stanley suggests a strong confidence in Cava Group's future performance. This is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100