Big 5 Sporting price target lowered to $9.50 from $11 at Lake Street

Lake Street analyst Mark Smith lowered the firm’s price target on Big 5 Sporting to $9.50 from $11 and keeps a Buy rating on the shares after the company’s Q1 results and Q2 guidance came in below the firm’s expectations. The firm continues to like the long-term prospects, but thinks lowered performance "will carry on for the next several quarters."