Cava Group price target raised to $58 from $50 at Baird

Baird analyst David Tarantino raised the firm’s price target on Cava Group to $58 from $50 and keeps an Outperform rating on the shares. The firm noted its inaugural report included healthy upside to Q2 revenue and EBITDA, prompting greater confidence in the near-term fundamental outlook and a healthy increase to estimates.