B. Riley Securities Downgrades The Real Good Food to Neutral, Lowers Price Target to $0.5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Jeff Van Sinderen downgraded The Real Good Food (NASDAQ:RGF) from Buy to Neutral and significantly lowered the price target from $6 to $0.5.
March 20, 2024 | 2:00 pm
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The Real Good Food was downgraded from Buy to Neutral by B. Riley Securities, with a drastic reduction in price target from $6 to $0.5.
The downgrade from Buy to Neutral suggests a lack of confidence in the company's short-term growth prospects, which is likely to negatively impact investor sentiment. The significant reduction in the price target further emphasizes the analyst's bearish outlook on the stock, potentially leading to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100