FGI Industries price target lowered to $2 from $2.50 at Benchmark

Benchmark analyst Reuben Garner lowered the firm’s price target on FGI Industries (FGI) to $2 from $2.50 and keeps a Speculative Buy rating on the shares. FGI reported “solid” Q4 results, but says the the company’s aggressive growth investments have come at the expense of profitability. The firm is reducing its EPS estimate for FY25 to a loss of (5c), down from a gain of 10c, in light of the risks and current environment.