Truist analyst Bill Chappell lowered the firm’s price target on MGP Ingredients (MGPI) to $35 from $40 and keeps a Buy rating on the shares ahead of quarterly results. The firm cites recent market dynamics and multiple contraction across industry groups.
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Read More on MGPI:
- MGP Ingredients price target lowered to $41 from $45 at Roth Capital
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- MGP Ingredients director sells $1.67M in common stock
- MGP Ingredients Redesigns Long-Term Incentive Program
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