Citigroup Maintains Neutral on Cava Group, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower maintains a Neutral rating on Cava Group (NYSE:CAVA) but raises the price target from $93 to $115.

August 23, 2024 | 6:44 pm
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Citigroup analyst Jon Tower maintains a Neutral rating on Cava Group but raises the price target from $93 to $115, indicating a positive outlook on the stock's potential.
The increase in the price target from $93 to $115 suggests a positive outlook on Cava Group's future performance. However, the Neutral rating indicates that the analyst does not see a strong buy or sell opportunity at the moment. The raised price target could lead to a short-term positive impact on the stock price as it reflects increased confidence in the company's valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100