Roth MKM lowered the firm’s price target on Reed‘s to $3 from $5 but keeps a Buy rating on the shares after its Q4 results. The company continued to face revenue and gross profit challenges, but operating expenses were well managed, the analyst tells investors in a research note.
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Read More on REED:
- Reed’s Inc Releases Operational and Financial Performance Update
- Reed’s (REED) Q4 Earnings Cheat Sheet
- Reed’s Schedules Fourth Quarter and Full Year 2023 Conference Call for March 28 at 5:00 p.m. ET
- Reed’s Inc. Enhances CFO Joann Tinnelly’s Compensation Package
- Reed’s Inc Bolsters Capital with Strategic Financial Moves
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