Lovesac shares are trading lower after Roth MKM and Canaccord Genuity lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Lovesac shares are trading lower following price target reductions by Roth MKM and Canaccord Genuity.
April 12, 2024 | 4:44 pm
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NEGATIVE IMPACT
Lovesac's stock price is experiencing a downturn due to lowered price targets by Roth MKM and Canaccord Genuity.
The reduction in price targets by reputable financial institutions like Roth MKM and Canaccord Genuity can lead to a negative investor sentiment towards Lovesac, potentially causing a short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100