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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STKS: