Lucky Strike price target lowered to $12 from $13 at Stifel

Stifel lowered the firm’s price target on Lucky Strike (LUCK) to $12 from $13 and keeps a Buy rating on the shares after having recently hosted the company’s CFO for a series of investor meetings. While stating that Lucky Strike is “clearly a ‘show me’ story and remains out of favor with the investment community,” the firm believes there are several catalysts on the horizon that could help improve investor sentiment and that there is “significant value for the patient investor,” the analyst says following the meetings.