a.k.a. Brands price target raised to $28 from $25 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on a.k.a. Brands (AKA) to $28 from $25 and keeps a Market Perform rating on the shares. The company reported a third consecutive quarter of better-than-expected sales and adjusted EBITDA, which is another encouraging sign the business is stabilizing after a challenging FY23 and despite global macro uncertainties, the analyst tells investors.