Stock Track | Kura Sushi Plummets 5.50% in Pre-market Following Analyst Price Target Cut

Stock Track11-07

Kura Sushi USA, Inc. (KRUS) shares plummeted 5.50% in pre-market trading on Friday, following a significant price target cut by Lake Street analysts. The move comes in the wake of the company's recent fourth-quarter earnings report, which appears to have disappointed investors and analysts alike.

Lake Street lowered its price target on Kura Sushi from $98 to $79, citing concerns raised by the Q4 results. Despite the cut, the firm maintained its Buy rating on the stock, suggesting they still see potential in the company's long-term prospects. Additionally, TD Cowen reiterated its Hold rating on Kura Sushi, further contributing to the cautious sentiment surrounding the stock.

The sharp decline in Kura Sushi's stock price reflects investors' immediate reaction to the analyst actions and underlying concerns about the company's recent performance. As the market digests this information, it remains to be seen how the stock will perform throughout the trading day and in the coming weeks.

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