Lifetime Brands price target raised to $11 from $8 at Canaccord

Canaccord analyst Brian McNamara raised the firm’s price target on Lifetime Brands to $11 from $8 and keeps a Buy rating on the shares. The firm said they reported relatively strong Q4 results, with sales and profitability ahead of consensus after adjusting for a one-time inventory write-off in its international business. They also noted management tone sounded much more optimistic relative to four months ago with retailers in better positions.