CAVA Group Stock Climbs on Brand-New Bull Note

Restaurant stock CAVA Group Inc (NYSE:CAVA) was last seen up 3.3% at $85.06, after KeyBanc initiated coverage with an "overweight" rating and $100 price target. The firm pointed to the company's lack of direct competitors, saying it had the potential to become the "Chipotle of Mediterranean food."On the charts, CAVA is still seeing pressure from a confluence of moving averages ranging between the 40-day to 100-day trendlines. The shares are down 24.6% year-to-date, having yet to recover from their February ...