Kura Sushi upgraded to Buy at Lake Street on valuation

As previously reported, Lake Street upgraded Kura Sushi (KRUS) to Buy from Hold with an unchanged price target of $103, primarily due to valuation as shares have sold off significantly since a “positive” Q1 report. The firm thinks shares are now at “a compelling entry point, and it views Kura as “a solid growth story that can overcome many of the macro pressures due to its unique place in the restaurant industry,” the analyst tells investors.