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Stifel analyst Steven Wieczynski lowered the firm’s price target on Lucky Strike (LUCK) to $13 from $16 and keeps a Buy rating on the shares. While the firm believes most of the corporate and retail pressures are now behind, it still wants to be conservative with forward estimates and it has embedded a moderate recession into estimates to be “as conservative as possible,” the analyst tells investors. However, even after “severely” lowering estimates by 9% on average in FY26/FY27, the firm still sees value in shares for “patient, longer-oriented investor,” though the analyst is removing Lucky Strike from the Stifel Select List given the uncertain near-term risk/reward profile.
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