RBC Capital Maintains Outperform on Driven Brands Hldgs, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh maintains an Outperform rating on Driven Brands Holdings (NASDAQ:DRVN) and raises the price target from $17 to $20.
November 01, 2024 | 4:37 pm
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RBC Capital has increased its price target for Driven Brands Holdings from $17 to $20, maintaining an Outperform rating. This suggests confidence in the company's future performance.
The increase in price target from $17 to $20 by RBC Capital, along with the maintained Outperform rating, indicates a positive outlook for Driven Brands Holdings. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100