Yeti price target lowered to $40 from $45 at Stifel

Stifel analyst Jim Duffy lowered the firm’s price target on Yeti (YETI) to $40 from $45 and keeps a Hold rating on the shares. Yeti I beat consensus estimates in the Holiday quarter for the first time since 2021, notes the analyst, who also points out that FY25 guidance was “better than feared,” though dependent on international and second half acceleration. The valuation is “intriguing,” though execution risk is “elevated,” the analyst added.