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Raymond James reiterates First Watch stock Strong Buy on valuation
Raymond James has reiterated a “Strong Buy” rating and a $20.00 price target for First Watch Restaurant Group (NASDAQ:FWRG) despite recent management changes and stock decline. The firm noted the recent termination of the COO is not performance-related, and the stock is currently trading at all-time low valuation metrics, suggesting it’s oversold. Other analysts have a mixed outlook, with price targets ranging from $15 to $24.