Traeger price target lowered to $2 from $2.50 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Traeger (COOK) to $2 from $2.50 and keeps a Market Perform rating on the shares. The firm believes the company should still see some relative outperformance to the industry as its raises brand awareness through marketing and existing customer engagement, the analyst tells investors. However, tariffs and macroeconomic headwinds will likely pressure performance in the near term, the firm adds.