Jefferies kept a Hold rating on Holley with a $3 price target after taking over coverage of the name. The company offers a "stable of best-in-class brands" with enduring reputational strength among industry enthusiasts, but model visibility will be key to unlocking meaningful share upside from current levels, the analyst tells investors in a research note. Challenges with near-term visibility in light of "broader consumer trepidation" keeps the firm on the sidelines.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on HLLY:
- Holley sees FY23 revenue $625M-$675M, consensus $679.16M
- Holley reports Q4 EPS (13c), consensus (9c)
- DA Davidson cuts Holley to Neutral on low Q4 expectations but ‘healthy’ multiple
- Holley downgraded to Neutral from Buy at DA Davidson
- Holley price target lowered to $3 from $5 at Raymond James
Questions or Comments about the article? Write to editor@tipranks.com