YETI Holdings shares are trading lower after Keybanc downgraded the stock from Sector Weight to Underweight and announced a $34 price target.
Portfolio Pulse from Benzinga Newsdesk
YETI Holdings' stock has been downgraded from Sector Weight to Underweight by Keybanc, which also set a price target of $34. This has resulted in YETI shares trading lower.
July 17, 2023 | 4:32 pm
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NEGATIVE IMPACT
YETI Holdings' stock has been downgraded by Keybanc, leading to a decrease in its share price. The new price target is $34.
The downgrade of YETI Holdings' stock by Keybanc from Sector Weight to Underweight is a negative signal to investors, which has led to a decrease in the share price. The new price target of $34 set by Keybanc also indicates a potential downside, further impacting the stock negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100