First Watch Restaurant price target raised to $22 from $21 at BofA

BofA analyst Sara Senatore raised the firm’s price target on First Watch Restaurant (FWRG) to $22 from $21 and keeps a Buy rating on the shares. The firm, which was “encouraged” by same-restaurant sales growth beating consensus, notes that its now r higher FY25 estimate of 3.3% growth is at the high end of First Watch’s low-single digit growth guidance.