Here's Why Telsey Downgraded Enjoy Technology
Telsey analyst Dana Telsey downgraded Enjoy Technology Inc (NASDAQ:ENJY) to Market Perform from Outperform and reduced the price target to $4.00 from $6.00, implying a 22% upside. The analyst noted that the visibility of Enjoy's near-term business trends is clouded due to ongoing inventory constraints and pressure on profitability related to continued investments in mobile stores,…
Benzinga ·
Benzinga
