Holley price target raised to $4.50 from $3 at DA Davidson

DA Davidson raised the firm’s price target on Holley (HLLY) to $4.50 from $3 and keeps a Neutral rating on the shares. Holley’s auto enthusiast customer segment is a bit different than powersports, but the two probably aren’t entirely unrelated and their business seems to be improving from the trough, the analyst tells investors in a research note. Holley is two years into a company specific turnaround story while operating under new management, which continues to bear fruit at an accelerating rate, the firm added.