Roth MKM Maintains Buy Rating for GEN Restaurant Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Roth MKM has maintained its Buy rating for GEN Restaurant Gr (NASDAQ:GENK) but lowered its price target from $14.00 to $11.00. GENK's shares have risen 16.51% in the last 24 hours to $8.89. A target of $11.00 represents a 23.73% potential increase. GEN Restaurant Group Inc specializes in Korean and Korean-American cuisine, targeting Millennials and Gen Z with its unique dining experience.
March 04, 2024 | 5:00 pm
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Roth MKM maintains Buy rating for GENK, lowers price target from $14 to $11. Shares have increased 16.51% to $8.89, with a potential rise to $11.
The maintenance of a Buy rating by Roth MKM, despite lowering the price target, indicates a positive outlook on GENK's performance. The recent 16.51% increase in share price reflects investor confidence, and the new target suggests further growth potential. The unique market positioning of GEN Restaurant Group in the Korean and Korean-American cuisine sector, appealing to Millennials and Gen Z, supports the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100