Analyst: Stanley Is a Big Problem for Yeti
YETIYETI(YETI) Schaeffers Research·2024-01-04 23:47

Yeti Holdings Inc (NYSE:YETI) is 1.4% lower at 46.48thismorning,afterCanaccordGenuitydowngradedthestockto"hold"from"buy."Andthoughtheanalysthikeditspricetargetby46.48 this morning, after Canaccord Genuity downgraded the stock to "hold" from "buy." And though the analyst hiked its price target by 1 to 50,itsaidStanleyisprovingtobeatougher−than−expectedrivaltoYeti,andOwalaismakingmorenoisethananticipatedaswell.ThebrokeragebunchisstillmostlyoptimistictowardsYETI,withsevenofthe17analystsinquestioncallingita"buy"orbetter.Plus,the12−monthconsensustargetpriceof50, it said Stanley is proving to be a tougher-than-expected rival to Yeti, and Owala is making more noise than anticipated as well. The brokerage bunch is still mostly optimistic towards YETI, with seven of the 17 analysts in question calling it a "buy" or better. Plus, the 12-month consensus target price of 47.63 is ...