Lucky Strike downgraded to Neutral from Buy at Roth Capital

Roth Capital analyst Eric Handler downgraded Lucky Strike (LUCK) to Neutral from Buy with a price target of $9, down from $13. The company’s fundamental headwinds will persist for an extended period of time, the analyst tells investors in a research note. The firm says easing compare towards the end of the summer will help, but that economic uncertainty could linger and further weigh on Lucky Strike’s Corporate Events. Share multiple expansion is unlikely until there are clear signs pressures are lessening, contends Roth Capital.