Canaccord Genuity Maintains Buy on Traeger, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Brian McNamara has maintained a Buy rating on Traeger (NYSE:COOK) but lowered the price target from $5 to $4.

March 06, 2024 | 12:04 pm
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Canaccord Genuity maintains a Buy rating on Traeger but lowers the price target from $5 to $4.
While the maintenance of a Buy rating by Canaccord Genuity indicates continued confidence in Traeger's fundamentals and potential for growth, the reduction in the price target could signal concerns about near-term challenges or valuation adjustments. This mixed signal might lead to short-term market uncertainty for COOK's stock, but the overall positive stance suggests underlying strength.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100