Holley price target raised to $5 from $3.50 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Holley (HLLY) to $5 from $3.50 and keeps an Outperform rating on the shares. While the company navigates a challenging industry environment, the firm expects Holley to succeed due to its solid strategic initiatives as well as its quality, differentiated brands and products, the analyst tells investors.