Cava Group price target lowered to $61 from $75 at UBS

UBS analyst Dennis Geiger lowered the firm’s price target on Cava Group (CAVA) to $61 from $75 and keeps a Neutral rating on the shares. The firm expects roughly in-line earnings and same-store sales for Q3, with potential pressure in Q4 given difficult comparisons and macro headwinds, the analyst tells investors in a research note.