Lucky Strike price target raised to $11 from $9 at Roth Capital

Roth Capital raised the firm’s price target on Lucky Strike (LUCK) to $11 from $9 but keeps a Neutral rating on the shares after its better than expected Q4 results and guidance. The firm notes however that while comparisons should start to ease at the end of Q1, headwinds around ongoing challenges with Corporate Events and California locations remain, the analyst tells investors in a research note. Improved incentives and training should align employees with upselling key categories, and more non-alcoholic product introductions are showing strong results, Roth added.