Roth MKM lowered the firm’s price target on Reed‘s to $3 from $5 but keeps a Buy rating on the shares after its Q4 results. The company continued to face revenue and gross profit challenges, but operating expenses were well managed, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REED:
- Reed’s Inc Releases Operational and Financial Performance Update
- Reed’s (REED) Q4 Earnings Cheat Sheet
- Reed’s Schedules Fourth Quarter and Full Year 2023 Conference Call for March 28 at 5:00 p.m. ET
- Reed’s Inc. Enhances CFO Joann Tinnelly’s Compensation Package
- Reed’s Inc Bolsters Capital with Strategic Financial Moves