Lifetime Brands price target lowered to $5 from $6 at Canaccord

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 weak Q2 results with sales roughly 5% below consensus and profitability metrics that missed Street expectations by a wide margin, driven by tariffs and related impacts on consumer demand.