tiprankstipranks
Fox Factory price target lowered to $42 from $54 at Truist
The Fly

Fox Factory price target lowered to $42 from $54 at Truist

Truist lowered the firm’s price target on Fox Factory (FOXF) to $42 from $54 but keeps a Buy rating on the shares after its Q3 earnings miss and guidance cut. Fox Factory remains a “show me” story, but the firm maintains that the recent string of challenges is largely exogenous/macro in nature, with the resetting of FY24/FY25 expectations set to improve sentiment over the next 3-4 months, the analyst tells investors in a research note.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App