Barfresh Food Group price target lowered to $3 from $5.50 at Greenridge

Greenridge lowered the firm’s price target on Barfresh Food Group to $3 from $5.50 and keeps a Buy rating on the shares post the Q4 results. The analyst says the carton shortage and delay in bringing on a new bottle manufacturer once again pushed out the ramp in the company’s revenue and move to breakeven, however that still appears to be on track for the second half of 2024.