BofA analyst Alexander Perry downgraded Yeti (YETI) to Neutral from Buy with a price target of $40, down from $55, as the firm argues that the Trump presidential election win presents elevated tariff risk given that 80% of the company’s drinkware is currently sourced in China. This would likely significantly impact 2025 EPS assuming no mitigation, says the analyst, who also believes the competitive environment is intensifying from SharkNinja (SN), Stanley and Owala.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on YETI: