Yeti price target raised to $39 from $37 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Yeti (YETI) to $39 from $37 and keeps an Equal Weight rating on the shares. The firm refreshed estimates among its Leisure coverage based on the latest data points as well as its new framework that takes into account affordability, pricing power, secular demand, balance sheet, capital efficiency, and valuation, the analyst tells investors.