UBS Maintains Neutral on Hydrofarm Holdings Group, Lowers Price Target to $0.65
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Peter Grom maintains a Neutral rating on Hydrofarm Holdings Group (NASDAQ:HYFM) but lowers the price target from $1.15 to $0.65.
August 14, 2024 | 1:33 pm
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NEGATIVE IMPACT
UBS analyst Peter Grom maintains a Neutral rating on Hydrofarm Holdings Group (HYFM) but lowers the price target from $1.15 to $0.65.
The lowered price target from $1.15 to $0.65 by UBS suggests a negative outlook on Hydrofarm Holdings Group's future performance, which is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100