Barclays Initiates Coverage On Cava Group with Equal-Weight Rating, Announces Price Target of $58
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein initiates coverage on Cava Group (NYSE:CAVA) with an Equal-Weight rating and a price target of $58.
April 15, 2024 | 11:09 am
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Barclays initiated coverage on Cava Group with an Equal-Weight rating and set a price target of $58.
The initiation of coverage by Barclays with an Equal-Weight rating suggests a neutral outlook on Cava Group's stock in the short term. The price target of $58 indicates Barclays' expectation of where the stock will trade in the near future. This analysis is based on the information provided by Barclays and does not necessarily predict a significant price movement but indicates that the stock is fairly valued at its current level according to Barclays.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100