Yeti downgraded to Neutral on slowing trends at Exane BNP

Exane BNP Paribas downgraded Yeti to Neutral from Outperform with a price target of $42, down from $54. While the recall of soft coolers makes it hard to assess Yeti’s underlying demand, the firm’s work suggests the company’s trends are slowing, the analyst tells investors in a research note.