Holley price target raised to $8 from $5 at Truist

Truist analyst Michael Swartz raised the firm’s price target on Holley to $8 from $5 and keeps a Buy rating on the shares. The company’s investor meetings last week has given the firm increased comfort around its positive long-term thesis, the analyst tells investors in a research note. Truist adds that Holley’s ongoing efforts to simplify and enhance its operations should enable the company to recapture historical growth and margin targets within the next 12-18 months.