Roth MKM Maintains Buy on Eastside Distilling, Lowers Price Target to $5
Portfolio Pulse from richadhand@benzinga.com
Roth MKM analyst Sean McGowan maintains a 'Buy' rating on Eastside Distilling (NASDAQ:EAST) but has lowered the price target from $18 to $5.

August 24, 2023 | 3:47 pm
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Eastside Distilling's price target has been lowered from $18 to $5 by Roth MKM, though the 'Buy' rating is maintained.
The lowering of the price target for Eastside Distilling by Roth MKM indicates a potential decrease in the stock's value. However, the maintained 'Buy' rating suggests that the analyst still sees potential in the company. This could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100