Benchmark Maintains Buy on Noodles, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Todd Brooks maintains a Buy rating on Noodles & Company (NDLS) but lowers the price target from $5 to $4.
March 12, 2024 | 1:10 pm
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Benchmark analyst Todd Brooks maintains a Buy rating on Noodles & Company but lowers the price target from $5 to $4.
While the maintenance of a Buy rating suggests continued confidence in the company's fundamentals, the reduction in the price target could signal concerns about near-term growth prospects or market conditions. This mixed signal might lead to neutral short-term price movement as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100