Northland lowered the firm’s price target on Chicken Soup for the Soul to $4 from $18 and keeps an Outperform rating on the shares after the company reported Q4 results and announced a public offering of 4,688,015 common shares at $2.30 per share on March 31. The quarter was driven by the Redbox acquisition, which is "causing real headaches," and weak theatrical releases, the analyst tells investors.
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Published first on TheFly
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Read More on CSSE:
- Chicken Soup for the Soul price target lowered to $8 from $14 at Craig-Hallum
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- Chicken Soup for the Soul price target lowered to $3 from $37 at DA Davidson
- Chicken Soup price target lowered to $12 from $18 at Alliance Global
- Chicken Soup for the Soul 4.69M share Spot Secondary priced at $2.30