Northland raised the firm’s price target on Build-A-Bear (BBW) to $80 from $60 and keeps an Outperform rating on the shares after Q2 revenue and EBITDA beat the firm’s and consensus expectations. The firm, which was “impressed” by the continued acceleration of the Mini Bean product line, also likes Build-A-Bear’s cost discipline and less reliance on promotional activity, the analyst tells investors.
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