B. Riley Securities Reiterates Neutral on Solo Brands, Lowers Price Target to $2.2
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Anna Glaessgen has reiterated a Neutral rating on Solo Brands (NYSE:DTC) and lowered the price target from $4 to $2.2.
March 15, 2024 | 3:52 pm
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Solo Brands' price target has been lowered from $4 to $2.2 by B. Riley Securities, while maintaining a Neutral rating.
The reduction in price target by a significant margin suggests a bearish outlook on the stock's short-term price movement, despite the neutral stance. This could lead to negative investor sentiment and potentially lower stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100