BofA lowered the firm’s price target on Fox Factory (FOXF) to $26 from $30 and keeps a Neutral rating on the shares. After the Q3 report, the firm lowered EPS estimates to reflect a still challenging end market outlook in bikes, which is partially offset by potential cyclical tailwinds in a more favorable rate environment.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOXF: