Lifetime Brands downgraded to Hold from Buy at Canaccord

Canaccord downgraded Lifetime Brands (LCUT) to Hold from Buy with a price target of $3.50, down from $4. The company has reported “disappointing or underwhelming” results, with no significant acquisition activity and product newness “sorely lacking,” the analyst tells investors in a research note. Further, the firm believes tariffs and the current macro landscape continue to create a “choppy environment” for Lifetime.