Lakeland Industries price target lowered to $20 from $23 at DA Davidson

DA Davidson analyst Michael Shlisky lowered the firm’s price target on Lakeland Industries (LAKE) to $20 from $23 but keeps a Buy rating on the shares. The company’s Q2 EBITDA beat consensus, but the full-year outlook was reduced as tariffs and Lat Am continue to cause customer delays, the analyst tells investors in a research note. . The firm adds however that most of the headwinds appear temporary, and these customers will eventually need to purchase their equipment.