HC Wainwright & Co. Maintains Buy on RCI Hospitality Hldgs, Lowers Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Scott Buck maintains a Buy rating on RCI Hospitality Holdings (RICK) but lowers the price target from $115 to $98.
May 13, 2024 | 11:47 am
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NEUTRAL IMPACT
Despite the reduction in price target from $115 to $98, RCI Hospitality Holdings maintains a Buy rating, indicating continued confidence in the company's prospects.
The reduction in price target might initially concern investors, suggesting a reassessment of the company's future earnings potential or market position. However, maintaining a Buy rating signals that the analyst still sees strong fundamentals or growth prospects for RCI Hospitality Holdings. This mixed signal could lead to short-term price volatility as the market digests the news, but the overall positive outlook suggests any negative impact might be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100