It’s time to get back into this fast-casual stock, UBS says

Cava appears to be a growth story amid a difficult macroeconomic backdrop for the consumer, according to UBS. The bank upgraded its rating on the fast-casual restaurant chain to buy from hold. It also raised its price target on the stock to $90, indicating a nearly 18% gain from Tuesday's close. Cava shares rallied in May after its first-quarter earnings report revealed same-store sales rose 9.7% year-over-year, beating analyst expectations. …