Zevia price target lowered to $3 from $4 at Telsey Advisory

Telsey Advisory analyst Dana Telsey lowered the firm’s price target on Zevia to $3 from $4 and keeps a Market Perform rating on the shares after the company reported “mixed” Q4 results and gave guidance for lower-than-anticipated Q1 sales. The firm continues to believe that Zevia has a long runway of growth, but awaits full stabilization of business trends to regain confidence in the story, the analyst tells investors.