a.k.a. Brands price target lowered to $20 from $22 at Truist

Truist lowered the firm’s price target on a.k.a. Brands to $20 from $22 and keeps a Hold rating on the shares. The company’s Q2 results easily topped muted expectations, driven by growing momentum in its U.S. market and improving recovery in its Australian business, though while the firm is encouraged by the improving health of the business, it remains on the sidelines pending additional proof points of a sustained recovery, the analyst tells investors in a research note.