Canaccord analyst Brian McNamara lowered the firm’s price target on Traeger (COOK) to $5 from $7 and keeps a Buy rating on the shares. The firm noted they reported strong Q4 results with sales above firm estimates and Street consensus. Grills were a standout performer once again, and Consumables also came in meaningfully above expectations, and management did not mention private label competition as a headwind this quarter.
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