Lovesac price target lowered to $33 from $38 at Maxim

Maxim lowered the firm’s price target on Lovesac (LOVE) to $33 from $38 and keeps a Buy rating on the shares. The company’s Q2 revenue was in line with guidance and slightly above consensus, while its gross margin and EBITDA were above guidance and consensus, the analyst tells investors in a research note. Despite a very challenging environment, Lovesac management is executing well on controllable levers, mitigating tariff pressures and gaining market share in a contracting category, the firm added.