GrowGeneration price target lowered to $2.85 from $3.50 at Stifel

Stifel lowered the firm’s price target on GrowGeneration to $2.85 from $3.50 and keeps a Hold rating on the shares. The company’s Q3 results were in-line with the firm’s expectations and its FY23 guidance was maintained, the analyst tells investors. Amid any potential sector consolidation, the company is “best positioned” and faces the least risk of not participating, the firm says. However, the environment remains challenging.