Barclays Maintains Overweight on Driven Brands Hldgs, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Seth Sigman has maintained an Overweight rating on Driven Brands Holdings (DRVN) but lowered the price target from $25 to $22.

May 06, 2024 | 3:31 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on Driven Brands Holdings but lowers the price target from $25 to $22.
While the maintenance of an Overweight rating suggests continued confidence in DRVN's fundamentals and growth potential, the reduction in the price target could reflect adjustments in market conditions or expectations. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100