Roth Capital analyst Sean McGowan lowered the firm’s price target on MGP Ingredients (MGPI) to $41 from $45 but keeps a Buy rating on the shares ahead of its Q1 results. The firm warns that the company’s sales will be more adversely impacted than reflected in its previous model, expecting flattish sales in 2026, even though it continues to believe that shares trade at an excessive discount to peers, the analyst tells investors in a research note.
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- MGP Ingredients price target lowered to $45 from $50 at Roth MKM
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