a.k.a. Brands price target raised to $10 from $9 at Telsey Advisory

Telsey Advisory raised the firm’s price target on a.k.a. Brands (AKA) to $10 from $9 and keeps a Market Perform rating on the shares. The company’s Q1 results came in better than expected, with encouraging return to growth in Australia and New Zealand as well as continued momentum in the U.S., the analyst tells investors. While the firm believes the company’s brands are positioned to return to growth through product newness and increasing active customer base, visibility into long-term profitability remains limited.