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

Stifel raised the firm’s price target on Yeti (YETI) to $34 from $33 and keeps a Hold rating on the shares. Building visibility to a return to global drinkware growth in Q4 is encouraging, although U.S. drinkware is expected to remain challenged against a competitive and promotional backdrop, the analyst tells investors in a research note. The firm added that an acceleration in the pace of share repurchases appears durable, which could add 1%-2% to the EPS growth algorithm over the next few years.