Benchmark Maintains Buy on Red Robin Gourmet Burgers, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Todd Brooks maintains a Buy rating on Red Robin Gourmet Burgers but lowers the price target from $16 to $10.
August 23, 2024 | 3:54 pm
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Benchmark analyst Todd Brooks maintains a Buy rating on Red Robin Gourmet Burgers but lowers the price target from $16 to $10.
The Buy rating suggests confidence in the company's long-term potential, but the lowered price target indicates concerns about short-term performance or market conditions. This mixed signal could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100