Craig-Hallum Maintains Buy on Urban-gro, Lowers Price Target to $3.25
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Eric Des Lauriers has maintained a Buy rating on Urban-gro (NASDAQ:UGRO) but has lowered the price target from $6 to $3.25.
March 28, 2024 | 6:20 pm
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Craig-Hallum maintains a Buy rating on Urban-gro but lowers the price target from $6 to $3.25.
While the maintenance of a Buy rating indicates continued confidence in Urban-gro's fundamentals and potential for growth, the significant reduction in the price target could signal concerns about near-term challenges or market conditions that might affect the stock's performance. Investors might view this adjustment with mixed feelings, balancing optimism with caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100