Canaccord lowered the firm’s price target on Traeger (COOK) to $2 from $3 and keeps a Buy rating on the shares. The firm updated its model following mixed Q4 results. 2026 guidance also came in well below expectations with Project Gravity initiatives such as exiting the Costco Road Show and winding down DTC and international expected to hit 2026 revenue to the tune of a little less than $60m.
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