B. Riley lowered the firm’s price target on Yeti (YETI) to $40 from $45 and keeps a Neutral rating on the shares. The company reported a solid Q3 and raised fiscal year guidance, the analyst tells investors in a research note. However, the firm believes Yeti shares will remain range-bound near term, reflecting investor caution on demand for high-ticket discretionary products, particularly as the company faces rising competitive intensity in key categories.
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