Canaccord analyst Bobby Burleson lowered the firm’s price target on Whole Earth Brands to $6 from $8 and keeps a Buy rating on the shares. The analyst said while we agree with management’s take on a recent Erythritol study, we take some comfort in the company’s guidance proactively reflecting caution. As a result, we’ve lowered our estimates and price target.
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
See today’s best-performing stocks on TipRanks >>
Read More on FREE:
- Whole Earth Brands sees 2023 revenue $550M-$565M, consensus $562.7M
- Whole Earth Brands reports Q4 EPS ($1.44), consensus 0c
- Whole Earth Brands Reports Fourth Quarter and Full Year 2022 Results and Provides 2023 Guidance
- Whole Earth® Brands’ Wholesome® Brand Launches Regenerative Organic Certified® Sugars Exclusively with Whole Foods Market
- Whole Earth Brands launches Regenerative Organic Certified sugars