Chicken Soup for the Soul price target lowered to $12 from $25 at Benchmark

Benchmark analyst Daniel Kurnos lowered the firm’s price target on Chicken Soup for the Soul to $12 from $25 and keeps a Buy rating on the shares. The company reported "modestly disappointing" Q4 results on Thursday evening, but the "bigger news" was the $11M capital raise that "produced a more strained call on Friday morning and led to a 40% decline in the share price," the analyst tells investors. The bar is "extremely low" and "shares would trade materially higher if not for the debt concerns" according to the firm, which is of the view that CEO Bill Rouhana "has a better than 50/50 chance to pull this off," generate enough cash to pay down the acquired Redbox debt before it comes due, and "have access to enough cash to stay afloat."