Cava Group price target lowered to $127 from $142 at Barclays

Barclays analyst Jeffrey Bernstein lowered the firm’s price target on Cava Group (CAVA) to $127 from $142 and keeps an Equal Weight rating on the shares as part of a 2025 outlook for the U.S. restaurants. The firm expects “more of the same” at the start of 2025 for the restaurants, with discretionary continuing to outperform. Industry comps have accelerated of late, with the consumer strengthening, compares are easing, and confidence is improving, the analyst tells investors in a research note. Barclays thinks growth to prevail over value, led by fast casual, with comps and inflation “moving favorably.”