Lucky Strike price target lowered to $7.50 from $9 at Roth Capital

Roth Capital analyst Eric Handler lowered the firm’s price target on Lucky Strike (LUCK) to $7.50 from $9 and keeps a Neutral rating on the shares. The company’s elevated Q2 expenses fueled a sizable EBITDA miss, the analyst tells investors in a research note. Expenses are being more tightly managed to improve operating leverage, but there is now increased pressure on growth, the firm added.