Stifel Maintains Hold on Hydrofarm Holdings Group, Lowers Price Target to $0.9
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst W. Andrew Carter has maintained a Hold rating on Hydrofarm Holdings Group (NASDAQ:HYFM) but has lowered the price target from $1.1 to $0.9.
November 14, 2023 | 6:16 pm
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NEGATIVE IMPACT
Stifel analyst maintains a Hold rating on Hydrofarm Holdings Group and reduces the price target from $1.1 to $0.9.
The reduction in price target by Stifel suggests a bearish outlook on the stock's value, which could lead to a negative short term impact on HYFM's stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100