Goldman Sachs ‘incrementally constructive’ on Yeti pace of innovation

Goldman Sachs analyst Brooke Roach keeps a Neutral rating and $43 price target on Yeti. The firm’s quarterly checks were incrementally constructive on the pace of innovation observed at the company’s brand in recent quarters, highlighting the strong receptivity to this product newness among YETI brand fans, but the health of the outdoor category remains in focus following more cautious commentary from peers and softness in select big ticket categories, the analyst tells investors in a research note.