Roth/MKM Downgrades Lucky Strike Entertainment (LUCK) to Neutral

Roth/MKM analyst Eric Handler downgraded Lucky Strike Entertainment (NYSE: LUCK) from Buy to Neutral with a price target of $9.00 (from $13.00).

The analyst comments: "Downgrade to Neutral from Buy on fundamental uncertainty. In our view, fundamental headwinds will persist for an extended period of time. Easing comps towards the end of the summer will help, but economic uncertainty could linger and further weigh on Corporate Events. We don't like downgrading with the shares having meaningfully underperformed the market in the last year, but multiple expansion is unlikely until there are clear signs pressures are lessening. Accordingly, our PT goes from $13 to $9 (6.5x our FY26 adj EBITDA)."

For an analyst ratings summary and ratings history on Lucky Strike Entertainment click here. For more ratings news on Lucky Strike Entertainment click here.

Shares of Lucky Strike Entertainment closed at $8.77 yesterday.

You May Also Be Interested In