Lake Street analyst Ryan Meyers lowered the firm’s price target on a.k.a. Brands (AKA) to $25 from $30 and keeps a Buy rating on the shares. The firm is “confident” the headwinds impacting Q3 are temporary with supply chain constraints resolved and sales rebounding in Q4, though it trimmed its price target based on revised revenue estimates.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AKA: