Driven Brands price target raised to $21 from $20 at Canaccord

Canaccord raised the firm’s price target on Driven Brands (DRVN) to $21 from $20 and keeps a Buy rating on the shares. The firm said they reported mixed results, with sales 1% below consensus, but same-store sales (SSS) of +1.1% was slightly ahead consensus’ +0.8%, despite a hurricane impact.