Citigroup Maintains Buy on First Watch Restaurant Gr, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower has maintained a Buy rating on First Watch Restaurant Group (FWRG) and increased the price target from $24 to $32. This adjustment reflects a positive outlook on FWRG's stock performance.
March 06, 2024 | 1:30 pm
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Citigroup has reaffirmed its Buy rating on First Watch Restaurant Group and raised the price target from $24 to $32, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst like Jon Tower from Citigroup usually signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100