Build-A-Bear price target raised to $60 from $50 at DA Davidson

DA Davidson raised the firm’s price target on Build-A-Bear (BBW) to $60 from $50 and keeps a Buy rating on the shares after its Q1 results. The company reported a beat on both the top and bottom lines, with strength in each segment, along with gross margin expansion with fewer discounts, while its store growth continues to be led by international partners, the analyst tells investors in a research note.