Holley price target lowered to $2.25 from $3.50 at Raymond James

Raymond James lowered the firm’s price target on Holley (HLLY) to $2.25 from $3.50 and keeps an Outperform rating on the shares. The company is positioned as the leader in the attractive and historically defensive U.S. performance automotive aftermarket products industry, with potential upside from further cost efficiencies and M&A that may not be fully reflected in the stock, the analyst tells investors in a research note.