** First Watch Restaurant Group's FWRG.O stock up 4.9% premarket to $17.47 after TD Cowen upgrades to 'buy' from 'hold'
** FWRG on track to snap three-session losing streak, if gains hold
** Brokerage boosts PT by $1 to $22, ~32% above stock's last close
** TD Cowen says expects daytime dining chain's 2025 to be an improved year in same-store sales due to "more effective" marketing
** The analysts say they see clear path to increased adj EBITDA with egg prices already well off early March highs
** Last month, Florida-based co projected 2025 same-store sales growth in positive low-single digits with flat-to-slightly positive same-store traffic growth
** Through Mon close, shares down 10.5% YTD and down roughly 33% over the past 12 months
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.