Yeti upgraded to Buy from Neutral at B. Riley

B. Riley upgraded Yeti (YETI) to Buy from Neutral with a price target of $54, up from $35. The firm sees an attractive risk/reward at current share levels. Yeti has an “achievable” sales growth outlook with the improved Q4 performance in drinkware helping “combat a key overhang on the stock,” the analyst tells investors in a research note. Riley believes current share levels offer an “attractive entry for this quality growth story.”