MGP Ingredients (MGPI) Tops Q3 EPS by 11c; Guides Above Views

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MGP Ingredients (MGPI) PT Raised to $125 at Cowen

November 3, 2022 1:34 PM EDT

Cowen analyst Vivien Azer raised the price target on MGP Ingredients (NASDAQ: MGPI) to $125.00 (from $120.00) while maintaining an Outperform rating following results.

The analyst commented, "MGPI reported 3Q sales of $201 mm, beating Street / Cowen est by 5% / 7%, respectively. While GMs missed, solid expense... More