Stephens analyst Jim Salera lowered the firm’s price target on One Group Hospitality (STKS) to $6 from $9 and keeps an Overweight rating on the shares after the company’s softer-than-expected top line results flowed through to softer-than-expected bottom line. Still, the firm believes the acquisition of Benihana and RA Sushi “fit nicely” with the experiential portfolio, providing synergies and scale.
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