Lovesac price target lowered to $24 from $35 at DA Davidson

DA Davidson analyst Michael Baker lowered the firm’s price target on Lovesac (LOVE) to $24 from $35 and keeps a Buy rating on the shares. Lovesac has been especially hard hit in the new tariff world since April 2nd but has bounced back as their Vietnam exposure has become less of a liability than thought just 24 hours ago, the company has mostly diversified out of China, and results showed an improvement through the quarter, the firm says.