Craig-Hallum Maintains Buy on GEN Restaurant Gr, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Jeremy Hamblin maintains a Buy rating on GEN Restaurant Gr (NASDAQ:GENK) but lowers the price target from $13 to $10.
March 07, 2024 | 4:50 pm
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NEGATIVE IMPACT
GEN Restaurant Gr's Buy rating is maintained by Craig-Hallum, but the price target is reduced from $13 to $10.
The reduction in price target by Craig-Hallum could lead to a negative short-term impact on GENK's stock price as it may signal to investors a potential downside or slower growth than previously anticipated. However, the maintenance of a Buy rating suggests underlying confidence in the company's fundamentals, which could mitigate some negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100