Roth MKM Maintains Buy on Flora Growth, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Bill Kirk maintains a Buy rating on Flora Growth (NASDAQ:FLGC) but lowers the price target from $2 to $1.
May 18, 2023 | 1:44 pm
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NEUTRAL IMPACT
Roth MKM analyst maintains Buy rating on Flora Growth (FLGC) but lowers price target from $2 to $1.
The news of Roth MKM maintaining a Buy rating on Flora Growth is positive for the stock. However, the lowering of the price target from $2 to $1 may create uncertainty among investors, potentially offsetting the positive impact of the Buy rating. As a result, the short-term impact on FLGC's stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100