Barclays lowered the firm’s price target on Kura Sushi (KRUS) to $75 from $102 and keeps an Equal Weight rating on the shares as part of a fiscal Q2 preview. The firm reduced Q2 estimates, with comp, EBITDA and earnings numbers now in-line to modestly below the Street, reflecting industry headwinds and Kura’s outsized exposure to the California wildfires.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KRUS:
- Kura Sushi price target lowered to $71 from $116 at Citi
- Kura Sushi price target lowered to $100 from $115 at Benchmark
- Block upgraded, Domino’s downgraded: Wall Street’s top analyst calls
- Kura Sushi USA: Balancing Growth Potential with Cannibalization Concerns – Hold Rating Maintained
- Kura Sushi initiated with a Hold at TD Cowen
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue