Lovesac price target raised to $35 from $31 at Roth MKM

Roth MKM raised the firm’s price target on Lovesac (LOVE) to $35 from $31 and keeps a Buy rating on the shares. The firm’s website/social checks revealed an Instagram post by Lovesac’s official account that seems to indicate the launch of a new product on November 20th, the analyst tells investors in a research note. The product looks like recliner functionality, which is something that Lovesac customers have been requesting over the last several years, and the launch could be potentially meaningful for the company’s Sactionals platform, Roth MKM added.