Roth MKM Maintains Buy on Eastside Distilling, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Sean McGowan has maintained a Buy rating on Eastside Distilling (NASDAQ:EAST) but has lowered the price target from $5 to $3.5.

April 08, 2024 | 1:24 pm
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NEUTRAL IMPACT
Roth MKM maintains a Buy rating on Eastside Distilling but lowers the price target from $5 to $3.5.
While the maintenance of a Buy rating indicates continued confidence in the company's fundamentals, the reduction in the price target could suggest a reassessment of the company's near-term growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100