Warby Parker price target lowered to $23 from $25 at Baird

Baird analyst Mark Altschwager lowered the firm’s price target on Warby Parker to $23 from $25 and keeps an Outperform rating on the shares. The analyst met with the company and is encouraged how management has adapted to a slower growth backdrop, and he continues to like Warby’s differentiated brand position and open-ended growth prospects; supporting an attractive longer-term risk/reward.