JP Morgan Downgrades Cava Group to Neutral, Announces $77 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe has downgraded Cava Group (NYSE:CAVA) from Overweight to Neutral and set a price target of $77.
June 03, 2024 | 1:58 pm
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JP Morgan analyst John Ivankoe downgraded Cava Group from Overweight to Neutral and set a price target of $77.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and could lead to a short-term decline in Cava Group's stock price.
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