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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on YETI:
- YETI Holdings Reports Strong Q3 2024 Growth
- Morning Movers: Under Armour and Lyft soar following earnings
- Yeti reports Q3 adjusted EPS 71c, consensus 67c
- Yeti sees FY24 adjusted EPS ~$2.65 vs. prior view $2.61-$2.65, consensus $2.64
- SharkNinja and Yeti Stocks (NYSE:YETI) Fall on Trump Tariff Concerns