Roth MKM Maintains Buy on MGP Ingredients, Lowers Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Sean McGowan maintains a Buy rating on MGP Ingredients (NASDAQ:MGPI) but lowers the price target from $95 to $92.
May 03, 2024 | 2:15 pm
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NEUTRAL IMPACT
Roth MKM maintains a Buy rating on MGP Ingredients but lowers the price target from $95 to $92.
The adjustment in price target by Roth MKM reflects a slight change in valuation expectation for MGP Ingredients, though the Buy rating indicates continued confidence in the company's performance. This could lead to mixed reactions in the short term, as the market digests the lower price target against the backdrop of sustained analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100