** 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))
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