Traeger price target raised to $4 from $3.50 at B. Riley

B. Riley raised the firm’s price target on Traeger (COOK) to $4 from $3.50 and keeps a Buy rating on the shares. The company posted a strong Q3, and grills are now expected to grow modestly for the year, significantly better than the initial plan for the year for high single-digit to low double-digit declines, the analyst tells investors in a research note.