a.k.a. Brands price target raised to $13 from $10 at Telsey Advisory

Telsey Advisory raised the firm’s price target on a.k.a. Brands (AKA) to $13 from $10 and keeps a Market Perform rating on the shares. While the firm believes the company is positioned to return to growth, long-term profitability visibility remains limited and the retail environment continues to be highly competitive, the analyst tells investors.