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Roth MKM analyst George Kelly lowered the firm’s price target on PLBY Group to $5 from $7 but keeps a Buy rating on the shares. The company’s Q4 results were “challenging”, but it is applauding the management’s restructuring and focus on PLBY’s core brands and assets, the analyst tells investors in a research note. Roth MKM added however that it will take time for the PLBY business and financial model to “settle.”
Published first on TheFly
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