Reported 2 days ago
Stifel analyst Steven Wieczynski has reduced the price target for Lucky Strike (LUCK) from $16 to $13 while maintaining a Buy rating on the shares. The firm believes that most corporate and retail pressures have subsided, but is adopting a conservative approach to future estimates, incorporating a moderate recession into their outlook. Despite a significant downward revision of 9% on average for FY26/FY27 estimates, the firm still sees potential value for patient investors, although Lucky Strike has been removed from the Stifel Select List due to uncertainties in the near-term risk/reward profile.
Source: YAHOO