Driven Brands selloff brings ‘great entry point,’ says JPMorgan

JPMorgan analyst Christopher Horvers keeps an Overweight rating on Driven Brands after hosting investor meetings with management. The company "continues to fire on all cylinders" with the persistent de-rating in the stock "suggesting a great entry point," the analyst tells investors in a research note. The stock down 16% since late 2021 while estimates are up over 25%, says the firm. It believes inflation should abate through the year and that Driven Brands’ underlying fundamentals remain strong.