Traeger price target lowered to $2 from $2.50 at Piper Sandler

Piper Sandler analyst Peter Keith lowered the firm’s price target on Traeger (COOK) to $2 from $2.50 and keeps a Neutral rating on the shares following quarterly results. The firm cites lower estimates, as it maintains its multiple assumption of 8-turns 2026 EV/EBITDA.