Barclays Maintains Equal-Weight on Cava Group, Raises Price Target to $113
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Equal-Weight rating on Cava Group (NYSE:CAVA) and raises the price target from $95 to $113.
October 22, 2024 | 4:20 pm
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Barclays analyst Jeffrey Bernstein has raised the price target for Cava Group from $95 to $113, maintaining an Equal-Weight rating. This suggests a positive outlook on the stock's potential performance.
The increase in price target from $95 to $113 by Barclays indicates a positive outlook on Cava Group's stock performance. Maintaining an Equal-Weight rating suggests that while the stock is expected to perform well, it may not outperform the market significantly. This news is likely to have a positive short-term impact on the stock price as it reflects increased confidence from a reputable analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100