Kura Sushi price target raised to $120 from $87 at Roth MKM

Roth MKM analyst George Kelly raised the firm’s price target on Kura Sushi to $120 from $87 and keeps a Buy rating on the shares. The firm cites the company’s better than expected Q2 revenue and growth in same-store sales as well as traffic that was “well above” the casual dining index. Kura Sushi stock trades at a premium, but Roth MKM continues to see long-term upside, driven by new restaurant openings and 4-wall improvements, the analyst tells investors in a research note.