Traeger price target lowered to $3 from $5 at Canaccord

Canaccord lowered the firm’s price target on Traeger (COOK) to $3 from $5 and keeps a Buy rating on the shares. The firm said since their last checks, Traeger has launched significant price increases across several models in an effort to combat tariffs however, it is likely not to be enough. As a result, Canaccord lowered its estimates and target ahead of its results.