Lifetime Brands price target raised to $13.50 from $11.50 at DA Davidson

DA Davidson analyst Linda Bolton Weiser raised the firm’s price target on Lifetime Brands to $13.50 from $11.50 and keeps a Buy rating on the shares. The company’s Q1 EBITDA beat was “solid” while its gross margin was the highest in at least 10 years, the analyst tells investors in a research note. Macro conditions in the U.K. remain “sluggish”, but Lifetime should benefit from retail lacement gains and expects international to be “good” for the full year, the firm added.