Kura Sushi price target raised to $87 from $76 at Roth MKM

Roth MKM raised the firm’s price target on Kura Sushi to $87 from $76 and keeps a Buy rating on the shares. The company’s Q1 results were in line with estimates, but more important was the conference call commentary regarding accelerating comps in November, easing inflation, and improved premitting conditions, the analyst tells investors in a research note. The firm adds that it still sees much upside for Kura Sushi from unit growth over time.