JPMorgan analyst Andrea Teixeira lowered the firm’s price target on SharkNinja (SN) to $131 from $136 and keeps an Overweight rating on the shares as part of a Q3 preview for the household, personal care and beauty group. The firm also added SharkNinja to its Analyst Focus List as a growth idea. The stock’s recent selloff is a buying opportunity for medium- to long-term investors, the analyst tells investors in a research note. JPMorgan sees near term sales deceleration for the company, mostly driven by shipment timing and innovation calendar, but thinks demand continues to be strong.
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