Canaccord lowered the firm’s price target on PLBY Group to $5 from $8 and keeps a Buy rating on the shares. The analyst said they reported soft Q4 results, with both revenue and profitability coming in below expectations as macro headwinds continue to pressure discretionary spending.
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Published first on TheFly
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Read More on PLBY:
- PLBY Group CFO Barton to leave company by June 30
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