The Real Good Food shares are trading lower after B. Riley Securities downgraded the stock from Buy to Neutral and lowered its price target from $6 to $0.50.
Portfolio Pulse from Benzinga Newsdesk
The Real Good Food shares dropped following a downgrade by B. Riley Securities from Buy to Neutral, with a price target reduction from $6 to $0.50.
March 20, 2024 | 5:37 pm
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Real Good Food's stock price is expected to face downward pressure in the short term due to the downgrade from Buy to Neutral by B. Riley Securities and a significant reduction in the price target from $6 to $0.50.
The downgrade by a notable financial institution like B. Riley Securities, accompanied by a substantial decrease in the price target, is likely to erode investor confidence and lead to a short-term decline in the stock price of Real Good Food. Such a significant adjustment in the price target suggests a reassessment of the company's future earnings potential or market position, which can negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100