Barfresh Food Group (OTCMKTS:BRFH)‘s stock had its “buy” rating reissued by stock analysts at Maxim Group in a research note issued on Thursday, March 8th. They currently have a $1.50 price target on the stock. Maxim Group’s price target would suggest a potential upside of 123.88% from the company’s previous close.
The analysts wrote, “BRFH announced that it signed a national foodservice account with 1,000 locations. The rollout is expected to begin in April 2018 and BRFH projects incremental annual revenue of $4M. By achieving this milestone, BRFH gained access to $2.46M of the convertible debt financing announced on February 24, 2018.””
Separately, Zacks Investment Research cut Barfresh Food Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd.
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Barfresh Food Group Company Profile
Barfresh Food Group, Inc creates, manufactures, and distributes ready to blend frozen beverages in the United States. It offers portion controlled and ready to blend beverage ingredient packs for smoothies, shakes, and frappes, as well as cocktails and mocktails. The company was founded in 2009 and is headquartered in Beverly Hills, California.
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