Loop Capital analyst Alton Stump raised the firm’s price target on Cava Group (CAVA) to $147 from $122. The firm cites the company’s “sharp” EBITDA and comps beat in Q3, the analyst tells investors in a research note. Loops adds that for comparable sales, it is now modeling 15.0% growth for Q4 vs. up 10.0% previously, noting however that Cava’s positive attributes are reflected in the company’s current valuation.
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