Maxim lowered the firm’s price target on Beyond to $36 from $50 and keeps a Buy rating on the shares. The analyst cites the company’s wider than expected EBITDA loss and pulled “aspirational” FY24 guidance. The firm adds however that while demand for home products is subdued due to inflation and higher interest rates, Maxim is confident that new management can re-invigorate its portfolio of well-known brands.
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