Dutch Bros price target raised to $84 from $80 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Dutch Bros (BROS) to $84 from $80 and keeps an Overweight rating on the shares. Q2 comparable store sales growth came in ahead of expectations at 6.1% and increased FY25 guidance should reinforce confidence against “some questions about slowing,” the analyst tells investors. The firm continues to “like the path forward” following what it calls a “strong quarter across the board.”