Truist Securities Maintains Buy on MGP Ingredients, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on MGP Ingredients but lowered the price target from $95 to $85.
October 22, 2024 | 5:18 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on MGP Ingredients but lowered the price target from $95 to $85.
The maintenance of a Buy rating suggests continued confidence in MGP Ingredients' performance, but the lowered price target indicates some caution about future growth or market conditions. This mixed signal is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100