Lazydays price target lowered to $11 from $12 at DA Davidson

DA Davidson lowered the firm’s price target on Lazydays to $11 from $12 and keeps a Neutral rating on the shares. The company’s Q1 earnings were a miss and its outlook on April retail demand was just "cautiously optimistic", the analyst tells investors in a research note. While Lazydays is in a much better position with MY22 inventory compared to most U.S. dealers, the company remains vulnerable to "irrational behavior" from their competition as curtailment payments come due in the upcoming months, DA Davidson added.