Lake Street Initiates Coverage On Red Robin Gourmet Burgers with Buy Rating, Announces Price Target of $16
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Mark Smith initiates coverage on Red Robin Gourmet Burgers (RRGB) with a Buy rating and a price target of $16.
April 30, 2024 | 3:46 pm
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Lake Street analyst Mark Smith has initiated coverage on Red Robin Gourmet Burgers with a Buy rating and set a price target of $16.
The initiation of coverage by Lake Street with a Buy rating and a price target of $16 is a positive signal for Red Robin Gourmet Burgers. This endorsement from a financial analyst could lead to increased investor confidence and potentially drive the stock price up in the short term. The specific mention of a $16 price target suggests a bullish outlook on the stock's future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100