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Fly News Breaks for January 14, 2020
LOVE
Jan 14, 2020 | 09:29 EDT
Craig-Hallum analyst Alex Fuhrman lowered his price target for Lovesac to $25 from $30 after the company lowered 2020 guidance ahead of its presentation at the ICR Conference, with Lovesac now expecting revenue growth of 40% for 2019, at the low end of its prior guidance of 40%-42%. The analyst has a Buy rating on the shares as he continues to believe that Lovesac is a "strong growth story."
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