JPMorgan lowered the firm’s price target on SharkNinja (SN) to $136 from $142 and keeps an Overweight rating on the shares after meeting with management. The company management said retailers continue to be cautious on inventory, which when coupled with an earlier Amazon Prime Day, may lead SharkNinja’s Q3 sales growth trends in the low double digits, the analyst tells investors in a research note. JPMorgan now expects the company’s sales growth in Q3 to be 11.1% versus 13.5% previously. It continues to believe SharkNinja is well positioned for the holiday season.
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