Cava Group price target raised to $52 from $45 at Piper Sandler

Piper Sandler raised the firm’s price target on Cava Group to $52 from $45 and keeps an Overweight rating on the shares post the Q2 results. Cava “certainly did not disappoint” with its first earnings event as a public company, as both revenues and margins came in well in excess of consensus expectations, the analyst tells investors in a research note.