Roth Capital raised the firm’s price target on Yeti (YETI) to $33 from $30 and keeps a Neutral rating on the shares. The company’s Q2 was mixed, with a sales miss due to softer wholesale demand trends, but a profit beat on better-than-feared gross margin and tight opex management, the analyst tells investors in a research note. Yeti’s lower 2025 sales outlook also seemingly reflects sustained weakness in the U.S. drinkware category while telegraphing some general consumer softness amid a trade-downs from higher-priced soft coolers, the firm added.
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- Yeti price target raised to $37 from $34 at Morgan Stanley
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