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

Stifel analyst Steven Wieczynski raised the firm’s price target on Lucky Strike (LUCK) to $13 from $12 and keeps a Buy rating on the shares. Questions around a mixed shelf filing “masked the solid results and bullish commentary,” says the analyst, who doesn’t believe the company raising equity funding “is even in the cards right now.” Lucky Strike has accelerating momentum in their core business and ramping water park acquisitions should set the company up to beat “conservative” initial guidance, though the firm anticipates further volatility until multiple quarters of same-store sales growth are seen.