Jefferies notes that SharkNinja (SN) announced CFO Patraic Reagan will depart on September 5 for a new role. Adam Quigley, a 10-year SharkNinja veteran who leads global FP&A with a deep understanding of the numbers, is named interim CFO. The firm remains confident in SharkNinja’s strong fundamentals and growth prospects. Jefferies says it would be buyers of any weakness today on the news. The firm has a Buy rating on the shares with a price target of $175.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SN:
- SharkNinja CFO Patraic Reagan resigns
- SharkNinja CFO exit ‘comes as a surprise,’ says Morgan Stanley
- Bullish Outlook on SharkNinja, Inc. Amidst Management Changes and Strategic Initiatives
- SharkNinja Announces CFO Transition with Adam Quigley as Interim
- SharkNinja Completes Share Offering with Major Underwriters