Build-A-Bear price target lowered to $60 from $70 at Northland

Northland analyst Greg Gibas lowered the firm’s price target on Build-A-Bear (BBW) to $60 from $70 and keeps an Outperform rating on the shares after the company reported Q4 results that were slightly ahead of expectations. The firm still likes the opportunities for global expansion and believes the upcoming CEO transition leaves Build-A-Bear in “great hands,” but is reducing its price target to account for lower profitability estimates, the analyst tells investors.