BUZZ-Cava falls after Citigroup cuts PT

Reuters

02-22

BUZZ-Cava falls after Citigroup cuts PT

** Fast casual restaurant Cava's CAVA.N shares down 3.8% at $113.9

** Brokerage Citigroup cuts PT to $140 from $163

** Says stock has been traded off on concerns about weather impact and choppy consumer demand

** Says that "barring any 2025 guidance disappointments, we expect it will only take mild reassurance regarding the underlying trends for shares to have found a near term bottom"

** Eight of 17 brokerages rate the stock "buy" or higher, 9 "hold"; their median PT is $145 - LSEG

** CAVA rose 162.5% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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