Holley price target lowered to $5.50 from $6.50 at Telsey Advisory

Telsey Advisory analyst Joseph Feldman lowered the firm’s price target on Holley to $5.50 from $6.50 and keeps an Outperform rating on the shares. The company reported solid Q2 adjusted EBITDA, but sales disappointed, the analyst tells investors. While Holley is navigating a difficult industry environment in 2024, the firm expects the company to continue gaining market share and return to sales and profit growth in 2025.