DA Davidson lowered the firm’s price target on Lakeland Industries (LAKE) to $23 from $28 and keeps a Buy rating on the shares after its Q4 results. The company’s earnings missed estimates due largely to one-time impairments, and its organic growth rate is expected to exceed the firm’s model, the analyst tells investors in a research note. Lakeland stock remains well-below its level prior to the original tariff announcement despite the resilient end-market and solid growth expectations, the firm adds.
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