Appharvest (APPH) PT Lowered to $9 at Cowen

March 14, 2022 7:07 AM EDT
Get Alerts APPH Hot Sheet
Price: $0.90 -8.16%

Rating Summary:
    2 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 14 | New: 17
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Cowen analyst Jeff Osborne lowered the price target on Appharvest (NASDAQ: APPH) to $9.00 (from $11.00) while maintaining a Outperform rating.

The analyst commented, "We came away from our recent visit to Kentucky encouraged by continued progress during the second harvest and impressed by the energy and focus of the team, following growing pains experienced through the first harvest. We see a more deliberate scaling of operations as ultimately beneficial for both company and stock, as delivering tangible proof of concept sooner increases optionality over time."

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