DA Davidson raised the firm’s price target on Lifetime Brands to $14 from $13.50 and keeps a Buy rating on the shares after its Q2 results. Macroeconomic pressures led to weakened demand across the company’s end markets, with kitchenware sales down Y/Y due to declines in kitchen tools and measurement products and Home Solutions sales also down Y/Y, driven by declines in hydration products and Taylor bath measurement products, though the declines were partially offset by initial shipments of the Dolly Parton line and an increase in the Tableware category due to a new warehouse club program, the analyst tells investors in a research note.
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