JPMorgan analyst Tami Zakaria lowered her price target for Party City to $8 from $11 and keeps a Neutral rating on the shares. The analyst's math shows that last week's sale-leaseback transaction of three assets will bring annualized interest savings before taxes from the debt pay-down of $5.5M, resulting in a "modest" 1c annualized earnings dilution net of lease payments. Party City, however, continues to face "idiosyncratic risks" from the departure of its CFO earlier this year and resignation of its Chief of Retail last month, uncertainty around helium supply and elevated carry-over inventory, Zakaria tells investors in a research note.