Roth MKM Maintains Buy on MGP Ingredients, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Sean McGowan has maintained a Buy rating on MGP Ingredients (NASDAQ:MGPI) but has lowered the price target from $100 to $95.

April 25, 2024 | 2:39 pm
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NEUTRAL IMPACT
Roth MKM maintains a Buy rating on MGP Ingredients but lowers the price target from $100 to $95.
The adjustment in price target by Roth MKM reflects a slight moderation in their short-term outlook for MGP Ingredients, possibly due to market conditions or company-specific factors not detailed in the news. However, maintaining a Buy rating indicates a continued positive outlook on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a lower price target against the backdrop of a sustained Buy recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100