Piper Sandler analyst Peter Keith maintains $Driven Brands (DRVN.US)$ with a buy rating, and adjusts the target price from $17 to $19.
According to TipRanks data, the analyst has a success rate of 52.5% and a total average return of 11.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Driven Brands (DRVN.US)$'s main analysts recently are as follows:
Following the company's Q3 results and an updated 2024 guidance to incorporate the sale of the Canadian distribution business, projections for 2025 and 2026 EPS have been adjusted downward by 9.3% and 9.6%, respectively. However, the company's ongoing robust performance in Take 5 and expansion prospects in Car Wash and PC&G support a positive outlook.
The company's fundamentals remain relatively stable, and there is a possibility that management may choose to sell off its U.S. car wash business. Discussions have also taken place regarding the divestiture of other non-core assets, which could facilitate an accelerated repayment of debt and simplify the business structure.
Note:
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