Yeti price target lowered to $44 from $46 at TD Cowen

TD Cowen lowered the firm’s price target on Yeti (YETI) to $44 from $46 and keeps a Hold rating on the shares. The firm said modeling FY25 and FY26 with Donald Trump’s election victory and the potential for tariffs on China imports, leads them to proactively lower our FY25 Gross Margin and EPS estimate below consensus.