Hydrofarm price target lowered to 75c from 90c at Stifel

Stifel lowered the firm’s price target on Hydrofarm to 75c from 90c and keeps a Hold rating on the shares. The firm, which is updating its outlook for its hydroponics coverage ahead of Q2 earnings, believes the hydroponics category deteriorated in Q2 with decelerating volume growth and wholesale pricing deteriorating.