Barclays raised the firm’s price target on Kura Sushi to $64 from $55 and keeps an Equal Weight rating on the shares. The company’s traffic trends were positive through October despite concerns of a slowing macro environment and its unit growth remains industry leading, the analyst tells investors in a research note. The firm says Kura Sushi is benefiting from easing inflation and “still outsized” pricing. It raised the price target ahead of the fiscal Q1 report.
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