Roth MKM Maintains Buy on Reed's, Lowers Price Target to $7
Portfolio Pulse from richadhand@benzinga.com
Roth MKM analyst Sean McGowan maintains a 'Buy' rating on Reed's (OTC:REED) but has lowered the price target from $17 to $7.
August 14, 2023 | 1:53 pm
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NEUTRAL IMPACT
Roth MKM has maintained a 'Buy' rating on Reed's but lowered the price target from $17 to $7.
The news is directly related to Reed's. While the 'Buy' rating is maintained, the lowered price target could indicate a potential downside risk. However, the impact on the stock price is uncertain in the short term as it could be influenced by other factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100