Lakeland Industries price target lowered to $10 from $14 at DA Davidson

DA Davidson analyst Michael Shlisky lowered the firm’s price target on Lakeland Industries (LAKE) to $10 from $14 and keeps a Neutral rating on the shares ahead of its Q4 results next week. The firm is noting several developments in recent weeks that look promising, including NFPA approval of new products, a divestiture, and some strong business wins, which underscore the high-single-digit revenue growth rate that is expected in the near term, though it also cautions that much of the earnings benefit could be back-half weighted, the analyst tells investors in a research note.