TD Cowen raised the firm’s price target on Yeti (YETI) to $33 from $31 and keeps a Hold rating on the shares. The firm said they posted a sales decline in Q2 and guidance for flat in Q3 place pressure on implied acceleration into Q4 guidance particularly for Drinkware segment and International with the help of 53rd week.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on YETI: