Guggenheim lowered the firm’s price target on SharkNinja (SN) to $120 from $135 and keeps a Buy rating on the shares. While the firm continues to view SharkNinja as “one of the best positioned to navigate through today’s dynamic macro-economic backdrop,” it is adjusting quarterly net sales and margin expectations by reducing U.S. segment net sales growth and gross margin while increasing international segment net sales growth and expense leverage, the analyst tells investors.
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