One Group Hospitality price target lowered to $14 from $16 at Lake Street

Lake Street analyst Mark Smith lowered the firm’s price target on One Group Hospitality to $14 from $16 and keeps a Buy rating on the shares after the company announced "mixed" Q4 results and issued 2023 guidance that was below the firm’s expectations. The firm thinks there may be upside to the guidance given the current results and potential new restaurant openings, but adjusted its model to be in line with management’s guidance.