Mgp Ingredients (MGPI) has disclosed a new risk, in the Litigation & Legal Liabilities category.
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Mgp Ingredients may face significant business risks due to potential litigation and legal proceedings, which could adversely affect its operations and financial health. The company is susceptible to various legal challenges, including claims related to commercial disputes, intellectual property, and marketing practices. Notably, there is a risk of class action lawsuits concerning the alleged health impacts of alcohol consumption, which could mirror the legal challenges faced by the tobacco industry. Defending such litigation could be costly, time-consuming, and damaging to the company’s reputation, ultimately impacting its financial condition if not covered by insurance.
The average MGPI stock price target is $48.50, implying 50.53% upside potential.
To learn more about Mgp Ingredients’ risk factors, click here.