Truist Securities Maintains Buy on MGP Ingredients, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on MGP Ingredients but lowered the price target from $85 to $75.
November 01, 2024 | 2:49 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on MGP Ingredients but lowered the price target from $85 to $75.
The analyst's decision to maintain a Buy rating suggests continued confidence in MGP Ingredients' performance. However, the lowered price target indicates a more cautious outlook on the stock's potential upside. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100