Lifetime Brands, Inc. Announces New Distribution Center to Build Lifetime's Infrastructure for the Future
New Distribution Center Announcement: Lifetime Brands, Inc. plans to construct a new 1.027 million-square foot distribution center in Hagerstown, MD, relocating from Robbinsville, NJ, with completion expected by 2026 to enhance operational efficiency and support future growth.
Operational Benefits and Incentives: The new facility will increase distribution capacity by 327,000 square feet, includes rent abatement for the first three years, and benefits from state incentives aimed at reducing future distribution expenses.
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Wall Street Analysts Adjust Ratings on Key Stocks
- Rating Downgrade: Wolfe Research analyst Andrew Rosivach downgraded Public Storage (NYSE:PSA) from Outperform to Peer Perform, reflecting a cautious outlook on the company's future growth, with shares closing at $282.63 on Friday.
- Price Target Adjustment: Morgan Stanley analyst Hamza Fodderwala downgraded Varonis Systems Inc (NASDAQ:VRNS) from Overweight to Equal-Weight and lowered the price target from $44 to $41, indicating concerns about its profitability, with shares closing at $34.95 on Friday.
- Rating Change: Canaccord Genuity analyst Brian McNamara downgraded Lifetime Brands Inc (NASDAQ:LCUT) from Buy to Hold and cut the price target from $4 to $3.5, reflecting a conservative outlook on its market performance, with shares closing at $3.89 on Friday.
- Rating and Price Target Adjustment: DA Davidson analyst Peter Winter downgraded BOK Financial Corp (NASDAQ:BOKF) from Buy to Neutral while raising the price target from $125 to $135, indicating confidence in its future stability, with shares closing at $132.12 on Friday.

Lifetime Brands, Inc. (LCUT) Q2 2025 Earnings Call Transcript
Earnings Call Overview: Lifetime Brands, Inc. held its Q2 2025 earnings conference call on August 7, 2025, featuring CEO Rob Kay and CFO Larry Winoker discussing the company's performance and future outlook.
Forward-Looking Statements Disclaimer: The company provided a disclaimer regarding forward-looking statements, emphasizing that these are not guarantees of future performance and are subject to change based on various factors.






