Kura Sushi price target lowered to $72 from $74 at Barclays

Barclays analyst Jeffrey Bernstein lowered the firm’s price target on Kura Sushi to $72 from $74 and keeps an Equal Weight rating on the shares. The company’s fiscal Q1 comp accelerated in November and “really pleased” with December, which should overshadow the earnings shortfall, the analyst tells investors in a research note. As for the fiscal 2024 guidance, the firm says a “bump in new unit opens supports a bump in sales.”