Jefferies says Yeti ‘largest beneficiary’ among lifestyle brands in Taiwan deal

After the U.S. and Taiwan announced a trade and investment agreement that establishes a predictable tariff framework and lowers reciprocal tariff rates to no more than 15%, Jefferies analyst Randal Konik said the tariff development is “directionally positive” for the lifestyle and growth platforms group, but “not thesis-changing for any company.” Yeti (YETI) “stands out as the largest beneficiary” and the only name where the benefit is meaningfully visible in the firm’s framework, says the analyst, adding that Nike (NKE) and Topgolf Callaway (MODG) see “de minimis effects.” The firm has a Buy rating and $70 price target on Yeti shares.