BofA raised the firm’s price target on First Watch Restaurant (FWRG) to $28 from $27 and keeps a Buy rating on the shares. The firm is rolling forward its EBITDA estimates and applying an unchanged multiple following the company’s Q4 earnings report.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FWRG:
- First Watch Restaurant Group: Strategic Growth Potential Amidst Market Challenges
- First Watch Restaurant Group Achieves $1 Billion Revenue Milestone
- Cautious Outlook for First Watch Restaurant Group Amidst Inflationary Challenges and Promising Recovery Signs
- First Watch Restaurant price target lowered to $21 from $24 at Barclays
- First Watch Surpasses $1 Billion in Revenue Milestone