Kura Sushi price target raised to $93 from $70 at Lake Street

Lake Street analyst Mark Smith raised the firm’s price target on Kura Sushi to $93 from $70 and keeps a Hold rating on the shares. Kura Sushi’s Q2 results were mixed as strong foot traffic and unit openings held up revenue while higher labor and restaurant opening costs impeded the bottom line, the analyst tells investors in a research note.