Barclays Maintains Overweight on First Watch Restaurant Gr, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Overweight rating on First Watch Restaurant Group (FWRG) but lowers the price target from $29 to $27.

May 08, 2024 | 6:10 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on First Watch Restaurant Group but lowers the price target from $29 to $27.
The adjustment in price target by Barclays reflects a nuanced view on FWRG's valuation, suggesting a positive outlook albeit with a slightly reduced growth expectation. This could lead to mixed short-term reactions in the market, balancing between continued analyst confidence and adjusted growth prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100