B. Riley Securities Initiates Coverage On Solo Brands with Neutral Rating, Announces Price Target of $5.5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Anna Glaessgen has initiated coverage on Solo Brands (NYSE:DTC) with a Neutral rating and set a price target of $5.5 for the company's stock.
December 12, 2023 | 10:21 am
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NEUTRAL IMPACT
Solo Brands has been given a Neutral rating and a price target of $5.5 by B. Riley Securities, potentially influencing investor sentiment and the stock's market performance.
The initiation of coverage by an analyst typically garners attention from investors and can affect a stock's performance. However, a Neutral rating suggests no significant movement is expected, and the impact on the stock price may be minimal in the short term unless the price target represents a significant change from the current trading price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100