Sadot price target lowered to $1.50 from $2.40 at Alliance Global Partners

Alliance Global Partners lowered the firm’s price target on Sadot to $1.50 from $2.40 and keeps a Buy rating on the shares. Following the company’s Q3 report, the firm rolls forward its valuation year and applies a lower multiple as a function of Sadot’s lower profits, noting that its target also assumes the strike warrants under $1.50 are exercised.