TD Cowen Upgrades Dutch Bros to Buy, Raises Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Andrew Charles upgraded Dutch Bros (NYSE:BROS) from Hold to Buy and increased the price target from $33 to $46.
May 10, 2024 | 10:10 am
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POSITIVE IMPACT
Dutch Bros has been upgraded by TD Cowen from Hold to Buy with a new price target of $46, up from $33.
Upgrades by analysts, especially with a significant increase in price target, tend to lead to positive short-term price movements as they reflect a positive outlook on the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100