MGP Ingredients (NASDAQ:MGPI) has been downgraded by Wall Street Zen from a “Buy” to a “Hold” rating. This follows several other firms either cutting ratings or price targets, resulting in an average “Hold” rating from MarketBeat.com with a target price of $33.60. The company’s shares opened at $25.93, with recent insider selling totaling over 300,000 shares, although insiders still own 34.4% and institutional investors hold 77.11% of the stock.
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MGP Ingredients (NASDAQ:MGPI) Downgraded by Wall Street Zen to "Hold"
MGP Ingredients (NASDAQ:MGPI) has been downgraded by Wall Street Zen from a “Buy” to a “Hold” rating. This follows several other firms either cutting ratings or price targets, resulting in an average “Hold” rating from MarketBeat.com with a target price of $33.60. The company’s shares opened at $25.93, with recent insider selling totaling over 300,000 shares, although insiders still own 34.4% and institutional investors hold 77.11% of the stock.