Lifetime Brands price target raised to $11.50 from $9.50 at DA Davidson

DA Davidson raised the firm’s price target on Lifetime Brands to $11.50 from $9.50 and keeps a Buy rating on the shares. The firm cites the company’s Q4 revenue beat, with international organic sales rising 19% – the first time y/y growth in the segment since Q3 of 2021. DA Davidson further notes Lifetime’s update that while the situation in the Red Sea has had some impact on ocean freight costs and shipping times, the company had no material supply chain disruptions in Q4.