Lucky Strike price target lowered to $16 from $18 at Canaccord

Canaccord lowered the firm’s price target on Lucky Strike (LUCK) to $16 from $18 and keeps a Buy rating on the shares. The firm said the company has accelerated the pace of its rebranding initiative over recent months, setting up a critical stretch for ESPN BET throughout the balance of the year, and management will likely discuss its digital strategy along with updates on consumer spending at its land based casinos and key retail growth projects.