One Group Hospitality price target raised to $6 from $5 at Wedbush

Wedbush raised the firm’s price target on One Group Hospitality to $6 from $5 and keeps a Neutral rating on the shares. The firm views the stock’s current valuation as an appropriate reflection of the lack of near- to medium-term comparable sales growth and margin visibility across all brands, complicated by the financing costs of the acquisition of Benihana. On the other hand, the attractiveness of the longer-term potential of the company’s growth brands is “compelling,” the analyst tells investors in a research note.