a.k.a. Brands initiated with a Buy at Lake Street

Lake Street initiated coverage of a.k.a. Brands (AKA) with a Buy rating and $30 price target The company’s brands are primarily geared toward Gen Z and millennial customers and the firm thinks increased discretionary income among these consumers presents a “compelling macro tailwind” for a.k.a. Brands, says the analyst, who believes the company’s unique and differentiated business model will allow it to capitalize on favorable demographic trends.