JPMorgan analyst Christian Carlino lowered the firm’s price target on Driven Brands (DRVN) to $21 from $23 and keeps an Overweight rating on the shares. The company reported a “solid” Q3 and its guidance looks conservative, the analyst tells investors in a research note.
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Read More on DRVN:
- Hold Rating for Driven Brands Holdings Amid Strong Q3 Performance and Macroeconomic Challenges
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- Driven Brands Q3 Earnings: Growth Amid Challenges
- Driven Brands Holdings: Balancing Growth and Challenges Amidst Market Uncertainty
- Driven Brands price target lowered to $21 from $22 at BTIG