Loop Capital Maintains Hold on Honest Co, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Laura Champine maintains a Hold rating on Honest Co (NASDAQ:HNST) and lowers the price target from $5 to $3.
April 19, 2024 | 2:43 pm
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Loop Capital maintains a Hold rating on Honest Co and reduces the price target from $5 to $3.
The reduction in price target by Loop Capital from $5 to $3 reflects a negative outlook on Honest Co's stock price in the short term. This adjustment suggests that the analyst sees limited upside potential or increased risk factors that could pressure the stock. Investors often react to such changes in analyst expectations, which can lead to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100