Canaccord lowered the firm’s price target on Traeger (COOK) to $75 from $100 and keeps a Buy rating on the shares. The firm updated its model to reflect the company’s 1:50 reverse stock split which is intended to increase the per-share trading price of the stock, broaden its appeal to a broader group of institutional investors, and support its continued listing on the NYSE.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COOK:
- VTI Sees $2B in Net Flows – Why Investors Are Pouring Into This Vanguard ETF
- Traeger price target raised to $30 from 80c at B. Riley following stock split
- Why Is Vanguard Total Stock Market ETF (VTI) Rising Today, 03/23/26?
- Why Is Vanguard Total Stock Market ETF (VTI) Down Today, 3/20/26?
- VTI Sees $1B Inflows as Vanguard ETF Gains Momentum — 3/19/26