Fox Factory Holding shares are trading lower after the company reported Q2 financial results. Also, Truist Securities and Baird lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Fox Factory Holding shares are trading lower following the release of their Q2 financial results. Additionally, Truist Securities and Baird have both lowered their price targets for the stock.
August 02, 2024 | 4:01 pm
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NEGATIVE IMPACT
Fox Factory Holding shares are experiencing a decline after the company reported its Q2 financial results. Furthermore, Truist Securities and Baird have both reduced their price targets for the stock.
The decline in Fox Factory Holding's share price is directly linked to the company's Q2 financial performance, which likely did not meet market expectations. The reduction in price targets by Truist Securities and Baird further indicates a bearish outlook from analysts, contributing to the negative sentiment around the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100