Kura Sushi price target lowered to $62 from $103 at Lake Street

Lake Street analyst Mark Smith lowered the firm’s price target on Kura Sushi (KRUS) to $62 from $103 and keeps a Buy rating on the shares after the company reported second quarter results that were lower than the firm’s expectations. Kura “appears well-positioned for a strong” second half of the fiscal year, but the firm is lowering estimates given the macroeconomic uncertainty, including potential tariff impacts, and lowering its price target to account for “a major reset in our valuation multiple due to the difficult operating environment.”