Morgan Stanley Stays Bullish on Dutch Bros Despite Trimming Price Target, Sees Long-Term Growth in Drive-Thru Coffee
Morgan Stanley reaffirms its Overweight rating on Dutch Bros (BROS) while slightly adjusting its price target to $82 as part of a broader 2026 sector outlook. The move follows recent analyst actions highlighting the coffee chain's aggressive expansion strategy, including its acquisition of Clutch Coffee to bolster its Southeast footprint.