In a report released yesterday, Steven Shemesh from RBC Capital maintained a Buy rating on Driven Brands Holdings (DRVN – Research Report), with a price target of $14.00. The company’s shares closed last Friday at $11.59.
Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Wayfair, Driven Brands Holdings, and CarMax. According to TipRanks, Shemesh has an average return of -6.7% and a 44.91% success rate on recommended stocks.
In addition to RBC Capital, Driven Brands Holdings also received a Buy from Barclays’s Seth Sigman in a report issued today. However, on May 3, J.P. Morgan downgraded Driven Brands Holdings (NASDAQ: DRVN) to a Hold.
DRVN market cap is currently $1.9B and has a P/E ratio of -2.49.
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Driven Brands Holdings (DRVN) Company Description:
Driven Brands Holdings Inc is an automotive services company. The company provides an extensive range of core consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash.
Read More on DRVN:
- Driven Brands price target lowered to $14 from $18 at Piper Sandler
- Driven Brands price target lowered to $17 from $21 at Canaccord
- Driven Brands downgraded to Neutral from Overweight at JPMorgan
- Driven Brands Announces CFO Transition and Interim Appointments
- Driven Brands CFO Gary Ferrera to step down
