Raymond James lowered the firm’s price target on Arko Corp. (ARKO) to $10 from $11 and keeps a Strong Buy rating on the shares. Arko’s Q1 results were fairly close to consensus, and modestly above the mid-point of management’s guidance, with Q1 representing the smallest year over year adjusted EBITDA decline in the past several quarters, which is encouraging, the analyst tells investors in a research note. There are opportunities to improve performance over the coming quarters and the market’s current valuation for Arko gives very little credit for any improvements, the firm argues.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARKO: