B of A Securities Maintains Buy on First Watch Restaurant Gr, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Sara Senatore maintains a Buy rating on First Watch Restaurant Group (NASDAQ:FWRG) but lowers the price target from $29 to $24.

July 17, 2024 | 5:05 pm
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NEUTRAL IMPACT
B of A Securities maintains a Buy rating on First Watch Restaurant Group but lowers the price target from $29 to $24.
The Buy rating suggests continued confidence in the company's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100