Fox Factory price target raised to $34 from $28 at Truist

Truist analyst Michael Swartz raised the firm’s price target on Fox Factory (FOXF) to $34 from $28 and keeps a Buy rating on the shares. The recent management meetings reinforced that the issues impacting Fox Factory’s various businesses in recent years have largely dissipated, the analyst tells investors in a research note. Macro/tariff uncertainty is likely to linger in the near-term, but the firm has more comfort that – barring a deeper consumer downturn – the company can return to growth, Truist added.