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Stock impact report

Cava Stock Climbs as JPMorgan Recommends 'Taking Advantage' of Recent Slide [Yahoo! Finance]

CAVA Group, Inc. (CAVA) 
Company Research Source: Yahoo! Finance
The analysts said they recommend "taking advantage of the significant pullback" in Cava's share price, expecting growth as Cava expands its locations. Even with Thursday's gains, Cava shares have lost more than 40% of their value since closing at a record high in December. Cava Group ( CAVA ) shares jumped Thursday after the fast-casual restaurant chain's stock got an upgrade from JPMorgan analysts, expecting growth as Cava expands its locations. The stock surged nearly 5% Thursday to close at $84.66, though even with Thursday's gains, they've lost over 40% of their value since closing at a record high of $150.88 in December. JPMorgan analysts said they "recommend taking advantage of the significant pullback" in Cava's stock and boosted their rating to "overweight" from "neutral" with a price target of $110, calling it a "buy now and own for the long-term" stock. The analysts said they see "significant" space for Cava to continue expanding past its current 367 locations, po Show less Read more
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