Keybanc Maintains Underweight on YETI Holdings, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Noah Zatzkin has maintained an Underweight rating on YETI Holdings (NYSE:YETI) but increased the price target from $33 to $36.

January 12, 2024 | 1:04 pm
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Keybanc analyst Noah Zatzkin reaffirmed an Underweight rating on YETI Holdings but raised the price target to $36, indicating a potential downside compared to the current market price.
The Underweight rating suggests that the analyst believes YETI Holdings may underperform the broader market or its sector. However, the increase in the price target could imply that the downside risk has decreased or that the company's prospects have slightly improved. The short-term impact is likely negative due to the Underweight rating, but the increase in price target may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100