Dutch Bros upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Dutch Bros (BROS) to Overweight from Equal Weight with a price target of $70, up from $38. The firm expects the company to guide 2025 comp growth in the low single-digit-plus range, with unit growth in the mid-teens-plus range supporting mid teens-plus revenue growth. With comp compares relatively modest, and the stock’s valuation no longer outsized relative to high growth peers, the shares should continue to outperform in 2025, the analyst tells investors in a research note.