BUZZ-Cava rises after J.P. Morgan upgrades to 'overweight'

Reuters03-20

** Fast-casual restaurant Cava's CAVA.N shares up 4.9% at $84.99

** Brokerage J.P. Morgan upgrades stock to "overweight" from "neutral"

** Recommends taking advantage of pullback and views the stock as a "buy now and own for the long-term"

** Says technology update could be a significant opportunity for Cava to improve customer experience

** Adds that co has considerable near-term operational and brand initiatives to drive both sales and profits

** Nine of 17 brokerages rate the stock "buy" or higher and eight "hold"; their median PT is $120

** CAVA stock has fallen about 24.8% YTD, including session's moves

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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