Lifetime Brands (LCUT) PT Lowered to $9 at Canaccord Genuity

Canaccord Genuity analyst Brian McNamara lowered the price target on Lifetime Brands (NASDAQ: LCUT) to $9.00 (from $10.00) while maintaining a Buy rating.

The analyst commented: "Ahead of CQ3 earnings, we analyzed Circana sales performance, Semrush search data, and social media activity across four companies in our coverage universe, including Newell Brands (NWL), Lifetime Brands (LCUT), Energizer Holdings (ENR), and Reynolds Consumer Products (REYN). We modestly adjust our estimates and maintain our ratings for each stock, and like NWL's setup the most into its print next Friday, 10/25, as both Sharpie & Graco's robust performance boost our confidence that management's turnaround strategy is starting to bear fruit. We lower our price target for LCUT to $9 ($10 prior), given reduced estimates driven by the Circana data."

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