B. Riley Securities Maintains Neutral on Sportsman's Warehouse, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Neutral rating on Sportsman's Warehouse (NASDAQ:SPWH) but has lowered the price target from $4 to $2, indicating a less optimistic outlook for the company's stock.
September 04, 2024 | 1:29 pm
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B. Riley Securities has maintained a Neutral rating on Sportsman's Warehouse but lowered the price target from $4 to $2, suggesting a less favorable view on the stock's potential.
The lowering of the price target from $4 to $2 by B. Riley Securities indicates a negative outlook on Sportsman's Warehouse's stock performance. This is likely to put downward pressure on the stock price in the short term as investors may adjust their expectations based on the new target.
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