Truist Securities has revised its outlook for Lucky Strike (LUCK, Financial), lowering the stock's price target from $14 to $11 while maintaining a Buy rating. This adjustment is part of a comprehensive analysis of the Leisure Products, Leisure Facilities, and Recreational Vehicles sector.
The decision reflects ongoing challenges in the market, including tariff implications and broader macroeconomic uncertainties. Truist highlights the potential for continued volatility in the Recreation & Leisure industry in the near future. Although recent market selloffs may already account for some tariff risks, further declines are possible if consumer spending contracts significantly, potentially impacting the sector by an additional 20% to 30%.
