Craig-Hallum Maintains Buy on Red Robin Gourmet Burgers, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Jeremy Hamblin maintains a Buy rating on Red Robin Gourmet Burgers (NASDAQ:RRGB) but lowers the price target from $20 to $15.
August 14, 2024 | 12:48 pm
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NEUTRAL IMPACT
Craig-Hallum analyst Jeremy Hamblin maintains a Buy rating on Red Robin Gourmet Burgers but lowers the price target from $20 to $15.
The Buy rating suggests continued confidence in the stock, but the lowered price target indicates tempered expectations for future performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100