Yeti price target lowered to $31 from $34 at Stifel

Stifel analyst Jim Duffy lowered the firm’s price target on Yeti (YETI) to $31 from $34 and keeps a Hold rating on the shares. Solid execution drove upside to Q1 expectations, but decreased FY25 guidance reflects tariff impacts to both costs as well as the impact of lower revenue related to inventory supply disruptions, the analyst tells investors in a post-earnings note. Valuation is “intriguing,” though the firm remains cautious on negative trends in the U.S. entering a potentially challenged demand environment, the analyst added.