EF Hutton Maintains Buy Rating for Reborn Coffee: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
EF Hutton has maintained its Buy rating for Reborn Coffee (NASDAQ:REBN) but lowered its price target from $5.00 to $2.00. Reborn Coffee's shares are currently trading down 6.47% at $0.65 per share. A move to $2.00 would represent a 207.69% increase from the current share price.
August 14, 2023 | 5:00 pm
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EF Hutton has maintained its Buy rating for Reborn Coffee but lowered its price target. This could potentially lead to increased volatility in the short term.
The lowered price target by EF Hutton could lead to increased selling pressure in the short term. However, the maintained Buy rating indicates that the analyst firm still sees potential upside in the stock, which could attract buyers. This could result in increased volatility.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100