Hillman Solutions price target lowered to $10 from $12 at Raymond James

Raymond James analyst Sam Darkatsh lowered the firm’s price target on Hillman Solutions (HLMN) to $10 from $12 and keeps an Outperform rating on the shares. Hillman’s Q1 was in line and guidance was maintained, inclusive of tariffs, the analyst tells investors in a research note. Hillman faces meaningful tariff exposure and its dollar-for-dollar price mitigation strategy will result in Q4 and out-year gross margin pressure, the firm says.