Yeti price target raised to $34 from $33 at Canaccord

Canaccord raised the firm’s price target on Yeti (YETI) to $34 from $33 and keeps a Hold rating on the shares. The firm said they reported mixed Q2 results, with adjusted sales coming in about 4% below consensus and adjusted operating income about 19% above consensus. Yeti also noted some evidence of consumer trade down, as higher priced soft coolers were more challenged in Q2.