JP Morgan Maintains Overweight on Cava Group, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe maintains an Overweight rating on Cava Group (NYSE:CAVA) and raises the price target from $40 to $50.
February 29, 2024 | 4:21 pm
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POSITIVE IMPACT
JP Morgan analyst John Ivankoe maintains an Overweight rating on Cava Group and raises the price target from $40 to $50.
The upgrade in the price target by a reputable analyst from JP Morgan suggests a strong confidence in Cava Group's future performance. This is likely to positively influence investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100