Baird lowered the firm’s price target on Fox Factory to $48 from $55 and keeps a Neutral rating on the shares. The firm said they reported upside to adjusted EPS expectatio, but removed the upside scenario from the prior guidance range citing a “higher for longer” interest rate scenario, a recurring theme this quarter.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOXF:
- Fox Factory price target lowered to $45 from $56 at Stifel
- Fox Factory to replace E.W. Scripps in S&P 600 at open on 4/3
- Dentsply Sirona to replace Fox Factory in S&P 400 at open on 4/3
- Class Action Lawsuit against Fox Factory Holding Corp. (FOXF)
- Fox Factory Updates Incentive Plan to Boost Performance