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Melius Research upgraded Cava to buy from hold, saying the restaurant chain's growth is supported by national expansion and strong unit economics. The note said Cava does not need a broader economic recovery to keep its momentum.
Gold prices fell more than 1% to around $4,375 an ounce Tuesday, pressured by elevated US Treasury yields. Traders look to US labor-market data for clues on the Fed’s path, with rate-hike odds near-term.