Benchmark Maintains Speculative Buy Rating for FGI Industries: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Benchmark has maintained its Speculative Buy rating for FGI Industries (NASDAQ:FGI) but lowered its price target from $5.00 to $4.00. FGI Industries' shares are currently trading down 2.23% at $1.75 per share. A move to $4.00 would represent a 128.57% increase from the current share price. FGI Industries is a supplier of kitchen and bath products, with the majority of its revenue coming from the United States.
August 15, 2023 | 5:00 pm
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Benchmark has maintained its Speculative Buy rating for FGI Industries but lowered its price target. This could potentially lead to increased volatility in the stock's price.
The maintenance of the Speculative Buy rating indicates that Benchmark still sees potential in FGI Industries. However, the lowering of the price target could lead to uncertainty among investors, potentially causing increased volatility in the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100