Cava Group price target raised to $84 from $75 at Bernstein

Bernstein analyst Danilo Gargiulo raised the firm’s price target on Cava Group (CAVA) to $84 from $75 and keeps an Outperform rating on the shares. Management’s FY26 guide reflects a notable degree of prudence that leaves room for a beat, especially as quarter-to-date trends are running above the high-end of the 3%-5% same-store-sales growth range and the fact that weather headwinds are already embedded in the outlook, the firm says.