Baird Downgrades Rocky Brands to Neutral, Announces $50 Price Target
Baird analyst Jonathan Komp downgrades Rocky Brands (NASDAQ:RCKY) from Outperform to Neutral and announces $50 price target.
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Rocky Brands Q2 Adj. EPS $1.90 Beats $0.35 Estimate, Sales $118.368M Beat $110.100M Estimate
Rocky Brands (NASDAQ:RCKY) reported quarterly earnings of $1.90 per share which beat the analyst consensus estimate of $0.35 by 442.86 percent. This is a 245.45 percent increase over earnings of $0.55 per share from the
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Rocky Brands shares are trading higher after the company reported better-than-expected Q2 financial results. Also, Baird raised its price target on the stock from $53 to $56.
12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session
Gainers Rocky Brands (NASDAQ:RCKY) shares rose 16.1% to $49.61 during Wednesday's pre-market session. The market value of their outstanding shares is at $322.2 million. As per the press release, Q2 earnings came
Baird Maintains Outperform on Rocky Brands, Raises Price Target to $56