Lifetime Brands downgraded to Neutral from Buy at DA Davidson

DA Davidson analyst Linda Bolton Weiser downgraded Lifetime Brands (LCUT) to Neutral from Buy with a price target of $6.75, down from $11.50. The company has material exposure to the recently announced tariffs and has shown little progress on improving European profitability despite multiple restructurings, the analyst tells investors in a research note. The firm says “weak” point of sales trends indicate Lifetime’s guidance for Q4 sales “is unrealistic.” It downgraded Lifetime Brands and cut estimates ahead of the earnings report.