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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Read More on KRUS:
- Kura Sushi price target lowered to $62 from $103 at Lake Street
- Kura Sushi price target lowered to $55 from $120 at Roth Capital
- Kura Sushi price target lowered to $52 from $99 at Piper Sandler
- Kura Sushi price target lowered to $52 from $75 at Barclays
- Kura Sushi USA: Overcoming Challenges with Strategic Growth and Pricing Adjustments
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