Cava Group price target raised to $45 from $43 at Morgan Stanley

Morgan Stanley analyst Brian Harbour raised the firm’s price target on Cava Group to $45 from $43. The firm keeps an Equal Weight rating on the shares due to valuation. This was a strong quarter from Cava, but Morgan Stanley says very substantial growth is already priced in, though fundamentals should be good in the near-term, the analyst tells investors in a research note.