One Group Hospitality price target lowered to $9 from $12 at Stephens

Stephens analyst Joshua Long lowered the firm’s price target on One Group Hospitality to $9 from $12 and keeps an Overweight rating on the shares. The company’s Q3 results were below expectations, reflecting moderating top-line trends and cost creep, the analyst tells investors. The firm believes there is substantial long-term opportunity with the company, but the delivery of “at least” in-line quarters has become increasingly critical for value to be realized.