Upexi price target lowered to $3 from $4 at Alliance Global Partners

Alliance Global Partners analyst Aaron Grey lowered the firm’s price target on Upexi to $3 from $4 and keeps a Buy rating on the shares. Upexi is “encouraged with early days” of its Disney partnership and management has proactively decided to invest behind its brands to drive growth, though this could cause margins to come in below the firm’s prior expectations, the analyst tells investors in a post-earnings note.