UPDATE: D.A. Davidson Reiterates on Zumiez as January Comps Weaken

In a report published Thursday, D.A. Davidson analyst Andrew Burns reiterated a Neutral rating on Zumiez (NASDAQ: ZUMZ ), but lowered the price target from $27.00 to $24.00. In the report, D.A. Davidson noted, “January comps decline 7.6%, below consensus (per Retail Metrics) of -3.3% and our -0.5% estimate. The