Stifel analyst Chris O’Cull raised the firm’s price target on Cava Group to $90 from $66 and keeps a Buy rating on the shares ahead of Q1 results that the firm believes will “provide evidence of the organic flywheel effect created when a relevant brand offering craveable products begets growing consumer awareness and usage.” The firm, along with “many investors,” expects Cava to report “another strong quarter” of same-restaurant sales growth, the analyst added in a preview.
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