Canaccord lowered the firm’s price target on Lifetime Brands (LCUT) to $5 from $6 and keeps a Buy rating on the shares. The firm said they reported underwhelming Q1 results. Top line performance was impacted by challenges in the mass channel and ordering patterns softening due to tariff concerns. However, the company posted strong gains in e-commerce and the dollar and club channels driven by new product introductions and solid POS sell through.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LCUT:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue