Lazydays price target lowered to $4 from $5 at Truist

Truist lowered the firm’s price target on Lazydays to $4 from $5 and keeps a Hold rating on the shares. The company had a “disappointing” Q1 earings print, and while Q1 may mark an earnings trough for Lazydays with its management also bolstering its financial flexibility, a more material earnings recovery is unlikely to unfold before 2025, the analyst tells investors in a research note. Truist adds that it prefers to remain on the sidelines on the name pending better visibility into its earnings recovery.