We are raising Duluth Holdings (DLTH) price target to 17.50 from 15.
DLTH shares have surpassed our 15 price target and have gained about 90% since we initially recommended the stock in February 2020 just before the pandemic. We are modestly raising our price target to 17.50, as we believe there is more fundamental strength to the company’s outlook than we had initially anticipated. We expect Duluth to report earnings in early December.