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Dutch Bros initiated with a Buy at DA Davidson

As previously reported, DA Davidson initiated coverage of Dutch Bros (BROS) with a Buy rating and $67 price target The firm believes Dutch Bros seems “well positioned to deliver healthy mid-teens systemwide unit growth at least through the end of the decade,” citing the company’s “innovative lineup of coffee and energy beverages, strong brand resonance among younger consumers, impressive unit economics, and growing evidence of geographic portability.”

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