Roth/MKM Reinstates PLBY Group, Inc. (PLBY) at Buy

Roth/MKM analyst George Kelly reinstates coverage on PLBY Group, Inc. (NASDAQ: PLBY) with a Buy rating and a price target of $3.00.

The analyst comments: "We are re-initiating coverage of PLBY with a Buy rating and $3 price target, after downgrading and discontinuing coverage in 2023. At the time of our downgrade and eventual discontinuation, we were concerned about PLBY’s business level performance, strategy, and balance sheet. Now, after significant strategic, operational, and capital structure changes, which we believe the market has yet to appreciate, we see upside to the stock and encourage investors to re-engage."

For an analyst ratings summary and ratings history on PLBY Group, Inc. click here. For more ratings news on PLBY Group, Inc. click here.

Shares of PLBY Group, Inc. closed at $1.66 yesterday.

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