Canaccord raised the firm’s price target on Driven Brands to $21 from $20 and keeps a Buy rating on the shares. The firm released its Q4 results and saw its Car Wash segment still weak on easier comps and reiterated that it will not open new U.S. locations until the base business performs up to internal expectations. Canaccord maintains its view that the segment can be turned around and remain confident that the company has a large long-term opportunity for share gains ahead of it.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DRVN:
- Driven Brands price target lowered to $17 from $20 at RBC Capital
- Driven Brands price target lowered to $20 from $25 at Benchmark
- Driven Brands price target lowered to $18 from $22 at Piper Sandler
- Driven Brands price target lowered to $20 from $22 at Canaccord
- Driven Brands price target lowered to $16 from $18 at Goldman Sachs
