Benchmark Maintains Buy on Red Robin Gourmet Burgers, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Todd Brooks maintains a Buy rating on Red Robin Gourmet Burgers but lowers the price target from $18 to $16.
August 20, 2024 | 2:00 pm
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Benchmark analyst Todd Brooks maintains a Buy rating on Red Robin Gourmet Burgers but lowers the price target from $18 to $16, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in the stock, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100