BUZZ-Cava rises after Bernstein upgrade

Reuters
04-24
BUZZ-Cava rises after Bernstein upgrade

** Fast-casual restaurant Cava's CAVA.N shares rise 6.6% to $86.79

** Bernstein upgrades CAVA's rating to "outperform" from "market-perform"; maintains PT of $115

** Brokerage says it is upgrading CAVA as it believes the market is overly discounting near-term risks while undervaluing the long-term growth story

** CAVA's relatively higher-income consumer base and disciplined pricing actions will likely protect it during the current economic downturn, brokerage says

** Bernstein expects Cava to absorb any tariff impact, increasing its continued value perception

** 11 of 18 brokerages rate the stock "buy" or higher, seven "hold"; their median PT is $115, according to data compiled by LSEG

** CAVA has lost 28% YTD, up to last close

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10