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Kura Sushi price target lowered to $47 from $71 at Citi

Citi analyst Jon Tower lowered the firm’s price target on Kura Sushi (KRUS) to $47 from $71 and keeps a Neutral rating on the shares. Following earnings, the firm is adjusting FY25 and FY26 EPS forecasts to (10c) and (2c) from 7c and 40c, respectively, citing lower revenue expectations and higher labor cost forecasts.

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