B. Riley Securities Maintains Buy on Bowlero, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Eric Wold maintains a Buy rating on Bowlero (NYSE:BOWL) but lowers the price target from $19 to $17.

May 07, 2024 | 4:49 pm
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B. Riley Securities maintains a Buy rating on Bowlero but lowers the price target from $19 to $17.
The adjustment in price target by B. Riley Securities reflects a nuanced view on Bowlero's valuation, suggesting a positive outlook albeit with moderated expectations. While the Buy rating indicates continued confidence in the company's prospects, the lowered price target may temper short-term expectations among investors, potentially leading to a neutral impact on the stock price as the market digests this new valuation guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100