EF Hutton Maintains Buy on Reborn Coffee, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
EF Hutton analyst Michael Albanese maintains a 'Buy' rating on Reborn Coffee (NASDAQ:REBN) but has lowered the price target from $5 to $2.
August 14, 2023 | 3:57 pm
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Reborn Coffee's price target has been lowered from $5 to $2 by EF Hutton, although the 'Buy' rating is maintained.
The lowering of the price target by EF Hutton could potentially lead to a decrease in the stock price of Reborn Coffee in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company's stock.
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