Morgan Stanley Maintains Overweight on Cava Group, Raises Price Target to $68
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 $62 to $68.
April 12, 2024 | 5:13 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on Cava Group and increased the price target from $62 to $68.
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 be viewed positively by the market, potentially leading to a short-term increase in CAVA's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100