Goldman Sachs analyst Mark Jordan raised the firm’s price target on Driven Brands (DRVN) to $14.75 from $14.25 and keeps a Neutral rating on the shares after its Q4 earnings beat. The company’s results that were better than expected, but more importantly, Driven also completed its restatement of prior year financials, which has been a significant overhang on the stock in recent months, the analyst tells investors in a research note.
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Read More on DRVN:
- Driven Brands: Hold Rating Reiterated as Strong Quarter Offsets Restatement Uncertainty; $14.25 Price Target Maintained
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