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Dutch Bros upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs upgraded Dutch Bros (BROS) to Buy from Neutral with an unchanged price target of $75. The firm believes the market is underestimating Dutch’s “fundamental strength and ability to compete amid an intensifying coffee landscape.” The recent pullback in the shares offers an attractive entry into the “best-in-class growth story in all of US Restaurant space,” the analyst tells investors in a research note.

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