JPMorgan Backs CAVA's Expansion Potential As Yum! Brands Plans Major Taco Bell, KFC Growth
1. JPMorgan upgraded CAVA's rating from Neutral to Overweight. 2. CAVA's price target is set at $110. 3. The company is expanding from 367 to over 1,000 units. 4. CAVA generates free cash flow 'unusually early' with growth initiatives. 5. Consumer confidence has dipped, but industry growth remains resilient.