One Group Hospitality price target lowered to $8 from $11 at Lake Street

Lake Street lowered the firm’s price target on One Group Hospitality to $8 from $11 and keeps a Buy rating on the shares after the company announced “mixed” Q4 results and issued 2024 guidance that was below the firm’s expectations. Following the report and guidance, the firm continues to like the growth story but is “dialing back our expectations,” the analyst tells investors.