Canaccord attended Driven Brands Investor Day and came away encouraged by what they heard and saw. They believe the company will remain in the proverbial penalty box after a number of missteps culminated in a large guidance cut with Q2 results until the company regains lost credibility but, they believe it provides a buying opportunity for long-term investors. Canaccord maintains its Buy rating and $24 price target on Driven Brands shares.
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