Craig-Hallum Maintains Buy on Alto Ingredients, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Eric Stine maintains a Buy rating on Alto Ingredients (NASDAQ:ALTO) but lowers the price target from $5 to $4.

March 12, 2024 | 3:29 pm
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NEUTRAL IMPACT
Craig-Hallum maintains a Buy rating on Alto Ingredients but lowers the price target from $5 to $4.
While the reduction in price target from $5 to $4 by Craig-Hallum could be seen as a negative signal, the maintenance of a Buy rating suggests a continued positive outlook on the company's fundamentals. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the analyst's continued support is likely to mitigate any significant negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100