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Fox Factory price target raised to $28 from $24 at Truist

Truist analyst Michael Swartz raised the firm’s price target on Fox Factory (FOXF) to $28 from $24 and keeps a Buy rating on the shares. The company reported a solid Q1 print with a reiteration of FY25 guidance, the analyst tells investors in a research note. Despite the current macro/tariff uncertainty, the story may be turning a corner, the firm added.

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