Roth MKM lowered the firm’s price target on Real Good Food to $7 from $12 and keeps a Buy rating on the shares. Real Good Food’s Q4 results were weaker than anticipated as management opted out of a low margin club promotion, and this surprise, along with more back-half loaded 2023 guidance, may leave the stock range-bound until growth materializes later this year, the analyst tells investors in a research note.
Published first on TheFly
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