Alpine 4 price target lowered to $2.25 from $5 at Alliance Global Partners

Alliance Global Partners lowered the firm’s price target on Alpine 4 Holdings to $2.25 from $5 and keeps a Buy rating on the shares. The company recently announced a strategic reorganization and is now positioned to slim down its portfolio of slower-growth capital intensive operating subsidiaries in order to focus on higher-margin higher-growth verticals, the analyst tells investors in a research note.