Piper Sandler Maintains Neutral Rating for Cracker Barrel Old: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has maintained a Neutral rating on Cracker Barrel Old (NASDAQ:CBRL) but lowered its price target from $96.00 to $75.00. Cracker Barrel's stock is currently trading at $72.00, down 0.5% over the last 24 hours. The new price target suggests a potential upside of 4.17%. Cracker Barrel operates full-service restaurants in the U.S., with a significant portion of revenue coming from its gift shops. Analyst ratings are provided by financial experts and are subject to error.
December 04, 2023 | 5:00 pm
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Piper Sandler maintains a Neutral rating on Cracker Barrel Old and lowers the price target from $96.00 to $75.00, with the stock currently at $72.00.
The maintenance of a Neutral rating by Piper Sandler indicates no significant change in the company's outlook, while the reduction in price target could suggest a tempered expectation of future performance. However, the new target still represents a potential increase from the current trading price, which may limit the negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100