Yeti price target raised to $49 from $48 at Raymond James

Raymond James analyst Joseph Altobello raised the firm’s price target on Yeti to $49 from $48 and keeps an Outperform rating on the shares. The company has developed into a high quality growth story within the consumer space, and it warrants a premium valuation, the analyst tells investors in a research note. The firm says demand pressures are already reflected in the stock, while the company’s long-term opportunities and sales momentum remain compelling.