Lake Street analyst Mark Smith lowered the firm’s price target on Lakeland Industries (LAKE) to $26 from $30 and keeps a Buy rating on the shares after the company reported Q1 results that came in below the firm’s estimates, largely due to a delayed Jolly shipment and tariff impacts delaying orders. Management reaffirmed its FY26 guidance for revenue of $210-$220M, but lowered its adjusted EBITDA expectations to trend toward the low end of the $24M-$29M range, notes the analyst, whose new FY26 EBITDA estimate is $20.9M.
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- Lakeland Industries sees FY26 revenue $210M-$220M, consensus $211.11M
- Lakeland Industries reports Q1 EPS (41c) vs. 22c last year
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