Kura Sushi price target raised to $70 from $63 at Lake Street

Lake Street analyst Mark Smith raised the firm’s price target on Kura Sushi to $70 from $63 and keeps a Hold rating on the shares after the company reported first quarter results that were largely in line relative to the firm’s expectations and raised its FY24 sales guidance range. While the firm remains positive about the ongoing growth narrative it believes is “still strong,” it is seeking a more attractive valuation for an entry point.