Lake Street Maintains Buy on Red Robin Gourmet Burgers, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Mark Smith maintains a Buy rating on Red Robin Gourmet Burgers (NASDAQ:RRGB) but lowers the price target from $17 to $16.
August 23, 2024 | 1:53 pm
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NEUTRAL IMPACT
Lake Street analyst Mark Smith continues to recommend buying Red Robin Gourmet Burgers but has reduced the price target from $17 to $16, indicating a slightly less optimistic outlook.
The analyst's decision to maintain a Buy rating suggests confidence in the company's prospects, but the lowered price target indicates a tempered expectation for growth or performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100