FMP
Lakeland Industries Reaffirmed as Buy at Roth/MKM
Sep 4, 2024 3:29 PM - Davit Kirakosyan
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Roth/MKM analysts reaffirmed their Buy rating and maintained a price target of $27 on Lakeland Industries (NASDAQ:LAKE) stock. Ahead of the company’s earnings report on September 5, the analysts highlighted LAKE's strategic shift towards higher-value products such as industrial and fire turnout gear, with fire services in the U.S. being a significant growth opportunity due to the market’s fragmentation.
The analysts expressed confidence in LAKE’s ability to achieve high single-digit organic growth, with potential acquisitions further enhancing its services, products, and geographic reach. Additionally, operational optimization is expected to help boost EBITDA margins above 15%.
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