HC Wainwright & Co. Maintains Buy on Splash Beverage Group, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Scott Buck maintains a Buy rating on Splash Beverage Group (SBEV) but lowers the price target from $2.5 to $1.
April 04, 2024 | 11:10 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Splash Beverage Group's price target was lowered from $2.5 to $1 by HC Wainwright & Co., although the Buy rating was maintained.
The reduction in price target by a significant margin suggests a downward adjustment in the firm's valuation of Splash Beverage Group, which could lead to short-term negative sentiment among investors. However, maintaining a Buy rating indicates underlying positive aspects of the company's fundamentals or growth prospects. The mixed signals might result in short-term volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100