BofA lowered the firm’s price target on Cava Group (CAVA) to $80 from $92 and keeps a Buy rating on the shares. The firm lowered its Q$ and FY25E EBITDA estimates as it incorporates weaker traffic growth as consumer pressure drags, the analyst tells investors in a post-earnings note.
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Read More on CAVA:
- Cava Group price target lowered to $58 from $61 at UBS
- Cava Group price target lowered to $71 from $100 at Piper Sandler
- Cava Group price target lowered to $67 from $80 at TD Cowen
- Cava Group price target lowered to $86 from $95 at Morgan Stanley
- Cava Group price target lowered to $75 from $100 at Stifel