TD Cowen raised the firm’s price target on First Watch Restaurant (FWRG) to $21 from $19 and keeps a Buy rating on the shares. The firm updated its model ahead of Q2 results where they see slight downside to 2Q adj. EBITDA and risk that 2025E adj EBITDA guidance is lowered, though not by a large enough magnitude to materially alter consensus.
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Read More on FWRG:
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