Cava Group price target raised to $90 from $80 at RBC Capital

RBC Capital raised the firm’s price target on Cava Group (CAVA) to $90 from $80 and keeps an Outperform rating on the shares. The company’s Q4 print and guidance were above expectations, while the comps outlook – which is 100 bps ahead of consensus at the midpoint – also appears conservative, the analyst tells investors in a research note.