Morgan Stanley lowered the firm’s price target on Cava Group (CAVA) to $86 from $95 and keeps an Equal Weight rating on the shares after the company pared back annual guidance to reflect slowing in Q4 in what the firm calls “hardly a surprise at this point.” The firm, which has taken a more cautious view into 2026, says this is likely an overhang for an earlier stage brand until things pick up more clearly.
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