Keybanc Downgrades YETI Holdings to Underweight, Announces $34 Price Target
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Brett Andress has downgraded YETI Holdings from Sector Weight to Underweight and set a price target of $34.
July 17, 2023 | 8:22 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
YETI Holdings has been downgraded to Underweight from Sector Weight by Keybanc, with a new price target of $34.
The downgrade from Keybanc is likely to negatively impact YETI's stock price in the short term. The new price target of $34, if lower than the current price, suggests that the analyst believes the stock is overvalued, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100