Dutch Bros price target raised to $94 from $70 at Barclays

Barclays raised the firm’s price target on Dutch Bros (BROS) to $94 from $70 and keeps an Overweight rating on the shares. The company’s Q4 beat top to bottom, similar to Q3, and its comp momentum continued into Q1, albeit lapping tougher compares, the analyst tells investors in a research note. The firm says Dutch Bros’ investor day on March 27 is likely to be a positive catalyst.