Canaccord analyst Brian McNamara noted the recent underperformance of SharkNinja (SN) shares and believes the selloff is overdone. The firm spoke with management who reiterated the expectations for +LDD% Q3 sales growth but noted retailers are running tight inventories and there are concerns that consumption trends are rolling over. Canaccord however believes this is an environment where SharkNinja’s innovation and differentiation will shine.
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