Morgan Stanley Downgrades Cava Group to Equal-Weight, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour has downgraded Cava Group from Overweight to Equal-Weight, while raising the price target from $90 to $110.
August 29, 2024 | 9:29 am
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NEUTRAL IMPACT
Morgan Stanley has downgraded Cava Group from Overweight to Equal-Weight, indicating a neutral stance on the stock. However, the price target has been raised to $110, suggesting potential for price appreciation.
The downgrade from Overweight to Equal-Weight suggests a more cautious outlook on Cava Group, which could lead to a neutral short-term impact on the stock price. However, the raised price target to $110 indicates potential for future price appreciation, balancing the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100