TD Cowen lowered the firm’s price target on MGP Ingredients (MGPI) to $22 from $24 and keeps a Hold rating on the shares. The firm said 4Q results beat Street estimates, but 2026 guidance came in well below consensus as management expects another down year for the industry and their business.
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Read More on MGPI:
- MGP Ingredients: Solid Q4, Soft 2026 Outlook and Distilling Headwinds Justify Hold Rating
- MGP Ingredients price target lowered to $32 from $41 at Roth Capital
- MGP Ingredients Earnings Call: Premium Wins, Tough 2026
- MGP Ingredients reports Q4 adjusted EPS 63c, consensus 50c
- MGP Ingredients sees FY26 adjusted EPS $1.50-$1.80, consensus $2.44