Kura Sushi price target lowered to $60 from $65 at Barclays

Barclays analyst Jeffrey Bernstein lowered the firm’s price target on Kura Sushi to $60 from $65 and keeps an Equal Weight rating on the shares. The company’s fiscal Q3 comp decelerated on a one, two and three year basis, with a sharp fall-off in mid-April, the analyst tells investors in a research note. The firm says visibility is limited on the recovery timeframe, which is believed macro led, rather than brand specific.