Chicken Soup for the Soul price target lowered to $6 from $12 at Benchmark

Benchmark analyst Daniel Kurnos lowered the firm’s price target on Chicken Soup for the Soul to $6 from $12 and keeps a Buy rating on the shares. Chicken Soup for the Soul’s quarter missed consensus estimates on every metric by a wide margin as management made the decision not to pursue long-term, heavy upfront content deals in favor of maximizing cash flow, the analyst tells investors in a research note. Under a non-bankruptcy scenario, Benchmark thinks Chicken Soup could be trading 10x+ higher than current levels.