a.k.a. Brands price target lowered to $18 from $22 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on a.k.a. Brands (AKA) to $18 from $22 and keeps a Market Perform rating on the shares. There were no surprises in the company’s Q4 results following its mid-January preannouncement, the analyst tells investors. The firm is maintaining its rating on the stock given the challenging and volatile macro environment.