Warby Parker price target lowered to $17 from $23 at Cowen

Cowen analyst Paul Lejuez lowered the firm’s price target on Warby Parker to $17 from $23 and keeps an Outperform rating on the shares. The analyst said they beat 4Q revenue and EBITDA expectations on improved store productivity and cost rationalization across the organization which drove better than expected SG&A leverage.