ARKO•benzinga•
Stifel Downgrades ARKO As Sales Struggle Amid Volatile Conditions
Summary
Stifel analyst Mark Astrachan downgraded ARKO Corp (NASDAQ: ARKO) from Buy to Hold, reducing the price target to $7.5. ARKO's fourth-quarter results showed weaker-than-expected adjusted EBITDA and revenue. Merchandise margin rose slightly, but overall sales were impacted by lower contributions from core categories, including cigarettes.
Original Article
Read the full article from the original source for complete details and context.
Read Full ArticleArticle published on February 27, 2025 by benzinga