Raymond James reiterates First Watch stock Strong Buy on valuation
Raymond James has reiterated a "Strong Buy" rating and a $20.00 price target for First Watch Restaurant Group (NASDAQ:FWRG) despite recent management changes and stock decline. The firm noted the recent termination of the COO is not performance-related, and the stock is currently trading at all-time low valuation metrics, suggesting it's oversold. Other analysts have a mixed outlook, with price targets ranging from $15 to $24.
https://www.investing.com/news/analyst-ratings/raymond-james-reiterates-first-watch-stock-strong-buy-on-valuation-93CH-4588092