Dutch Bros price target raised to $70 from $67 at DA Davidson

DA Davidson raised the firm’s price target on Dutch Bros (BROS) to $70 from $67 and keeps a Buy rating on the shares ahead of its Q1 results. The firm notes that the company’s FY26 guidance is likely to be increased given continued sales momentum, adding that while shares have been pressured by McDonalds (MCD) looming energy drink launch, it believes the move will prove to be a net positive for the category, similar to how the late 2000s McCafe launch ultimately helped bolster demand for specialty coffee.