Raymond Maintains Strong Buy Rating for Somnigroup International Inc (SGI) but Lowers Price Target
On May 8, Raymond maintained a 'Strong Buy' rating on Somnigroup International Inc (NYSE: SGI), though it reduced its price target from $105 to $95. The adjustment followed mixed Q1 results where the company exceeded EPS expectations but fell slightly short of revenue forecasts.
Tickers: $SGI
Topics: earnings report price target change stock recommendation