BMO Capital Maintains Outperform on Zevia, Lowers Price Target to $5
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Andrew Strelzik has maintained an Outperform rating on Zevia (NYSE:ZVIA), but lowered the price target from $8 to $5.
August 09, 2023 | 2:30 pm
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NEGATIVE IMPACT
Zevia's price target has been lowered from $8 to $5 by BMO Capital, although the Outperform rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in Zevia's stock price in the short term. However, the maintenance of the Outperform rating suggests that the stock is still expected to outperform the market or its sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100