Lovesac price target raised to $35 from $30 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Lovesac to $35 from $30 and keeps a Buy rating on the shares. Lovesac’s Q2 results showed that it has a resilient brand that is capable of taking market share in all environments, the analyst tells investors in a research note. The firm expects Lovesac to continue taking market share as the category declines as well as whenever the market improves, likely setting up a return to substantial double-digit growth at some point in the not-too-distant future.