Roth MKM sees MGP Ingredients with ‘steady fundamentals’ in Q3

Roth MKM keeps a Buy rating and $92 price target on MGP Ingredients ahead of its Q3 results. Shares have underperformed those of its peers year-to-date and in the last 52 weeks, but MGP’s fundamentals are better than its peers given its focus on high-margin brown goods and premium branded spirits, the analyst tells investors in a research note.