Maxim lowered the firm’s price target on Lovesac (LOVE) to $26 from $33 and keeps a Buy rating on the shares after its worse than expected Q3 results. Balancing near-term headwinds with longer-term growth, margin, and brand priorities, Lovesac management remains focused on innovation, execution, and market share gains amid still non-supportive macro and category dynamics, the analyst tells investors in a research note.
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