1825 ET - Lovesac shares were among those hardest hit in the new tariff world given its exposure to Vietnam, one of the countries most affected by President Trump's tariff plan. Trump on Wednesday afternoon announced a 90-day-pause to some tariffs, allowing Lovesac to bounce back on its Vietnam exposure becoming less of a liability than thought. But it won't be immune to the trade war with China, responsible to around 13% of its products costs, DA Davidson analysts say in a research note. DA Davidson cuts its target price to $24 a share from $35 a share previously. Lovesac closed up 16% to $18.49.(sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 10, 2025 18:25 ET (22:25 GMT)
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