Zumiez price target raised to $18 from $15 at B. Riley

B. Riley raised the firm’s price target on Zumiez to $18 from $15 and keeps a Neutral rating on the shares. The company’s Q2 metrics reflected macro inflationary pressure on the consumer amid a tough environment, the analyst tells investors in a research note. Although Zumiez’s comparisons ease in fiscal 2023, companies in the space still are comping negative and visibility remains opaque, says the firm.