Stifel Upgrades YETI Holdings to Buy with Raised Price Target
YETI Holdings (NYSE: YETI) saw a rise of approximately 1.6% in early trading on Friday following an upgrade from Stifel, which raised its rating for the stock to 'Buy' from 'Hold.' The firm also increased its price target to $50 from $45. This move was based on expanding opportunities in international markets and growing demand for YETI's bags and soft coolers. The upgraded outlook reflects Stifel’s confidence in YETI's ability to capitalize on new market segments, particularly outside the U.S., as well as its product diversification into non-hard cooler categories. The stock has responded positively to this analyst action.
Tickers: $YETI