Holley upgraded to Buy from Hold at Benchmark

Benchmark upgraded Holley (HLLY) to Buy from Hold with a $4 price target Holley posted Q2 results that continue to reflect solid operational execution, while management reiterated its guidance and tightened the range with more visibility on tariff impacts, which it expects to fully mitigate. With the stock trading at levels commensurate with pre-tariff noise, the firm sees its “original thesis re-emerging” that Holley is a “competitively positioned market leader with market leading innovation, and bountiful tuck-in opportunities in a fragmented market,” the analyst tells investors.