Lakeland Industries price target raised to $27 from $25 at Roth MKM

Roth MKM analyst Gerry Sweeney raised the firm’s price target on Lakeland Industries to $27 from $25 and keeps a Buy rating on the shares. The company’s acquisition of LHD Group strengthens Lakeland’s firefighting gear presence in Australia and Germany – two of the three largest fire markets in the world – and also brings LHD Care, a recurring revenue model around cleaning and repair of gear where Lakeland will “expand vigorously”, the analyst tells investors in a research note.