Craig-Hallum Maintains Buy on Red Robin Gourmet Burgers, Lowers Price Target to $11.5
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 $15 to $11.5.
August 23, 2024 | 1:02 pm
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Craig-Hallum's analyst Jeremy Hamblin maintains a Buy rating on Red Robin Gourmet Burgers but lowers the price target from $15 to $11.5, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in RRGB's potential, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100