BUZZ-Cava falls after Citigroup cuts PT
ReutersFeb 21, 2025 4:22 PM
Fast casual restaurant Cava's CAVA.N shares down 3.8% at $113.9
Brokerage Citigroup cuts PT to $140 from $163
Says stock has been traded off on concerns about weather impact and choppy consumer demand
Says that "barring any 2025 guidance disappointments, we expect it will only take mild reassurance regarding the underlying trends for shares to have found a near term bottom"
Eight of 17 brokerages rate the stock "buy" or higher, 9 "hold"; their median PT is $145 - LSEG
CAVA rose 162.5% in 2024
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