One Group Hospitality price target lowered to $7.50 from $9 at Wedbush

Wedbush lowered the firm’s price target on One Group Hospitality to $7.50 from $9 and keeps a Neutral rating on the shares. The company’s Q2 came in below expectations on same-store sales growth softness, the analyst tells investors in a research note. The firm views the low end of One Group’s lowered revenue guidance as realistic and the stock’s current valuation as an “appropriate reflection” of the lack of its near- to medium-term SSS growth and margin visibility.