Northland adjusted the firm’s price target on FGI Industries (FGI) to $7 from $1.50 and keeps an Outperform rating on the shares after the company reported Q2 results that came in below the firm’s and consensus expectations. The firm’s revised target reflects continued tariff uncertainty and the recent reverse stock split, the analyst noted.
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Read More on FGI:
- FGI Industries Reports Revenue Growth Amidst Tariff Challenges
- FGI Industries reports Q2 adjusted EPS (61c) vs. 1c last year
- FGI Industries still sees 2025 revenue $135M-$145M vs. $131.82M last year
- FGI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- FGI Industries Ltd trading halted, news pending