Cava Group resumed with a Neutral at Citi

Citi resumed coverage of Cava Group with a Neutral rating and $87 price target. The analyst continues to believe the company’s long-term story remains intact. Cava has a unit growth opportunity that continues to re-set higher, but the stock’s valuation “allows little room for error should fundamentals come up shy of elevated investor expectations,” the analyst tells investors in a research note.