Cava Group price target raised to $60 from $49 at Citi

Citi raised the firm’s price target on Cava Group to $60 from $49 and keeps a Neutral rating on the shares post the Q4 report. The analyst says Cava’s outlook likely embeds a degree of conservatism and sets the company up for another year of positive guidance revisions with quarterly updates. However, Citi feels the stock’s valuation “leaves little room for a fundamental hiccup.”