a.k.a. Brands price target raised to $11 from $8 at Telsey Advisory

Telsey Advisory raised the firm’s price target on a.k.a. Brands to $11 from $8 and keeps a Market Perform rating on the shares. The company’s Q4 results were mixed, with strength in the U.S. offset by weakness in Australia and New Zealand, the analyst tells investors. While the firm is encouraged by the company’s efforts to pay down its debt and believes in the long term the company’s brands can return to growth, Telsey anticipates near-term pressure as a.k.a’s labels look to gain additional traction in a competitive landscape.