EF Hutton Maintains Buy on Splash Beverage Group, Lowers Price Target to $2.5
Portfolio Pulse from richadhand@benzinga.com
EF Hutton analyst Ben Piggott maintains a 'Buy' rating on Splash Beverage Group (AMEX:SBEV), but lowers the price target from $3 to $2.5.
August 15, 2023 | 4:04 pm
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NEUTRAL IMPACT
Despite the lowered price target, EF Hutton maintains a 'Buy' rating on Splash Beverage Group, indicating continued confidence in the company's potential.
The lowered price target might initially seem negative, but the maintained 'Buy' rating indicates that EF Hutton still sees potential in Splash Beverage Group. This could lead to a neutral short-term impact on the stock as investors weigh the lowered price target against the continued confidence from the analyst.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100