GrowGeneration price target lowered to $5 from $6 at Lake Street

Lake Street analyst Mark Smith lowered the firm’s price target on GrowGeneration to $5 from $6 and keeps a Buy rating on the shares following the company’s report of “mixed” Q2 results. Management lowered its full-year guidance for the top and bottom lines, notes the firm, which thinks “the industry remains under pressure despite our hope that it had already bottomed.”