Piper Sandler Maintains Overweight on Driven Brands Hldgs, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Peter Keith has maintained an Overweight rating on Driven Brands Holdings (DRVN) but has lowered the price target from $18 to $14.

May 03, 2024 | 1:39 pm
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NEGATIVE IMPACT
Piper Sandler maintains an Overweight rating on Driven Brands Holdings but lowers the price target from $18 to $14.
The reduction in the price target from $18 to $14 by Piper Sandler, despite maintaining an Overweight rating, could lead to a negative short-term sentiment among investors. This adjustment reflects a lowered expectation for the stock's performance, which might influence investor confidence and potentially result in a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100