Morgan Stanley analyst Simeon Gutman maintains $Driven Brands (DRVN.US)$ with a hold rating, and adjusts the target price from $13 to $16.
According to TipRanks data, the analyst has a success rate of 60.7% and a total average return of 2.5% 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 Driven Brands' Q3 results and the updated 2024 guidance, which takes into account the sale of the Canadian distribution business, there has been a recalibration of the EPS forecasts for 2025 and 2026, showing a decrease of approximately 9.3% and 9.6% respectively. Despite this adjustment, expectations remain positive due to sustained robust performance in Take 5 and potential for expansion within the Car Wash and PC&G segments.
The company Driven Brands is showing relatively stable fundamentals, and there is a possibility that management will choose to sell off its U.S. car wash business. Discussions around divesting other non-essential assets have also taken place, which could lead to a faster reduction of debt and simplify business operations.
Note:
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