Fox Factory price target lowered to $30 from $36 at Roth MKM

Roth MKM lowered the firm’s price target on Fox Factory (FOXF) to $30 from $36 and keeps a Neutral rating on the shares. The company reported in-line Q4 EPS and issued FY25 EPS guidance that was wide-ranged and relies on a 7% sales recovery and meaningful cost cuts to hit the high end of the forecasted $1.60-$2.60, the analyst tells investors in a research note. Fox Factory’s bike business within Specialty Sports Group is exhibiting green shoots and Marucci remains a growth driver, but end demand in the Powered Vehicles Group and Aftermarket Accessories Group segments remained challenged, the firm adds.