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This fast-casual restaurant stock is worth buying, says KeyBanc

Pelican Press

By Pelican Press,
in World News

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Cava has the ingredients for success, according to KeyBanc. Analyst Christopher Carril initiated the Mediterranean chain restaurant’s stock at overweight. Carril’s $100 price target implies 21.5% upside over Tuesday’s closing level. “With few direct competitors, CAVA is the leading brand in the fast growing Mediterranean fast casual segment,” Carril wrote in a Tuesday note to clients.

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