Yeti price target raised to $55 from $53 at Raymond James

Raymond James raised the firm’s price target on Yeti (YETI) to $55 from $53 and keeps an Outperform rating on the shares. While heightened competition in the U.S. Drinkware category and tariff pressures have weighed on recent results, these risks are reflected in the stock, while the company’s long-term growth opportunities remain compelling, the analyst tells investors in a research note.