DA Davidson lowered the firm’s price target on Lifetime Brands (LCUT) to $11.50 from $14 and keeps a Buy rating on the shares. Last month, the company reported Q3 sales and EBITDA that missed consensus estimates and lowered its FY24 guidance partly due to Dolly Parton shipments of $4M that are expected tot shift into 1Q25 and 4Q24, the analyst tells investors in a research note. The firm noted that while international organic sales were up 8.4% as Lifetime gained distribution, it had soft replenishment orders from U.S. retailers in Q3.
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Read More on LCUT:
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