BofA lowered the firm’s price target on Fox Factory (FOXF) to $31 from $38 and keeps a Neutral rating on the shares following the company’s Q4 report. The firm lowered its multiple given a still challenging end market outlook as it believes retail continues to decline, especially in bikes and powered sports, which has caused overall sector multiples to compress.
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Read More on FOXF:
- Fox Factory Holding: Balancing Positive Earnings with Market Challenges – Hold Rating Maintained
- Fox Factory’s Mixed Earnings Call: Achievements and Challenges
- Fox Factory Holding’s Resilience and Growth Prospects Amidst Market Challenges
- Fox Factory price target lowered to $38 from $45 at Jefferies
- Fox Factory price target lowered to $30 from $36 at Roth MKM
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