JP Morgan Maintains Neutral on Cava Group, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe maintains a Neutral rating on Cava Group (NYSE:CAVA) but raises the price target from $77 to $90.
August 26, 2024 | 2:44 pm
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POSITIVE IMPACT
JP Morgan's analyst John Ivankoe has maintained a Neutral rating on Cava Group but increased the price target from $77 to $90, indicating a positive outlook on the stock's potential.
The increase in the price target from $77 to $90 suggests that JP Morgan sees potential upside in Cava Group's stock, which could lead to positive investor sentiment and a potential short-term price increase. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100