Holley price target raised to $3.50 from $3 at Raymond James

Raymond James raised the firm’s price target on Holley (HLLY) to $3.50 from $3 and keeps an Outperform rating on the shares. Holley 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.