Canaccord Genuity Maintains Buy on Driven Brands Hldgs, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Brian McNamara maintains a Buy rating on Driven Brands Holdings (DRVN) but lowers the price target from $21 to $17.

May 03, 2024 | 9:19 pm
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Canaccord Genuity maintains a Buy rating on Driven Brands Holdings but lowers the price target from $21 to $17.
While the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or slightly tempered expectations. This mixed signal might lead to short-term uncertainty among investors, balancing optimism with caution.
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IMPORTANCE 90
RELEVANCE 100