HC Wainwright & Co. Maintains Buy on RCI Hospitality Hldgs, Lowers Price Target to $126
Portfolio Pulse from richadhand@benzinga.com
HC Wainwright & Co. analyst Scott Buck maintains a 'Buy' rating on RCI Hospitality Hldgs (NASDAQ:RICK) but lowers the price target from $140 to $126.
July 12, 2023 | 10:11 am
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NEUTRAL IMPACT
Despite the lowered price target, HC Wainwright & Co. maintains a 'Buy' rating on RCI Hospitality Hldgs, indicating continued confidence in the company's performance.
The lowered price target might initially cause some investor concern, potentially leading to short-term price volatility. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100