Holley price target lowered to $2.75 from $4.50 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Holley (HLLY) to $2.75 from $4.50 and keeps an Outperform rating on the shares. While the company navigating a difficult industry environment, core sales increased in Q1 and the company gained market share, the analyst tells investors. The firm expects the company to continue gaining market share and return to growth in 2H of 2025.