Dutch Bros price target raised to $69 from $60 at Jefferies

Jefferies analyst Andy Barish raised the firm’s price target on Dutch Bros (BROS) to $69 from $60 and keeps a Buy rating on the shares after the company announced the target to hit 1,000 units in February and its first investor day since its 2021 IPO will be held in March. The stock has had a big run and “may need a bit of a breather near-term,” the analyst added in an ICR takeaways note.