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Melius Research raised Cava to buy from hold, saying the restaurant chain's expansion and unit economics remain durable drivers of earnings growth. The firm said Cava does not need a macro recovery to keep momentum.
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.
Goldman Sachs upgraded Palantir to buy from neutral, saying the company is well placed to benefit from faster growth in bespoke software and sovereign AI. The firm also cited Palantir’s expansion in financial services, semiconductors, neoclouds and U.S. government work.
Melius Research said Cava’s growth can be supported by national expansion and strong unit economics and upgraded the stock to buy from hold. The note also argued the recent decline reflects an overreaction, citing continued traffic growth including stronger same-store sales in lower-income markets.