TD Cowen raised the firm’s price target on Cava Group to $51 from $46 and keeps an Outperform rating on the shares. The firm noted 4Q sales trended solidly, with November the softest month of the quarter before improving in December and sustaining in January which makes them generally optimistic heading into 4Q earnings. Cowen has the highest conviction in a CAVA Group’s 4Q beat and positive 2024E revision.
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