Truist Securities Maintains Buy on MGP Ingredients, Raises Price Target to $140
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Bill Chappell has maintained a 'Buy' rating on MGP Ingredients (NASDAQ:MGPI) and raised the price target from $125 to $140.
August 07, 2023 | 2:33 pm
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POSITIVE IMPACT
Truist Securities has maintained a 'Buy' rating on MGP Ingredients and raised the price target from $125 to $140, indicating positive sentiment towards the stock.
The 'Buy' rating maintained by Truist Securities and the increase in price target from $125 to $140 indicates a positive outlook for MGP Ingredients. This could potentially lead to an increase in the stock price in the short term as it may boost investor confidence in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100