a.k.a. Brands price target lowered to $22 from $28 at Telsey Advisory

Telsey Advisory analyst Dana Telsey lowered the firm’s price target on a.k.a. Brands (AKA) to $22 from $28 and keeps a Market Perform rating on the shares. The company reported better-than-expected holiday sales, which was driven by strength in the U.S., the analyst tells investors. Long-term, the firm believes the company’s brand can return to growth driven by newness and continued active customer growth.