RCI Hospitality price target lowered to $115 from $126 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on RCI Hospitality to $115 from $126 and keeps a Buy rating on the shares. The analyst says that while the tougher operating environment impacted the company’s fiscal Q4 sales, more favorable comps will bring a return to growth in fiscal 2024.