Maxim lowered the firm’s price target on Alliance Entertainment (AENT) to $8 from $10 and keeps a Buy rating on the shares. The firm cites the company’s net revenue shortfall due to weakness in the gaming category, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AENT:
- Alliance Entertainment Extends CEO, Chairman Employment Agreements
- Alliance Entertainment to exhibit at New York Toy Fair
- Alliance Entertainment completes acquisition of Endstate
- Alliance Entertainment enters home entertainment license agreement with Amazon
- Alliance Entertainment appoints Jeffrey Smith as SVP, sales, marketing