Baird lowered the firm’s price target on Fox Factory to $55 from $75 and keeps a Neutral rating on the shares. The firm said they reported a material shortfall and offered weak guidance of roughly half the consensus forecast, positioning 2024 as a year to reset the business.
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Read More on FOXF:
- Fox Factory Holding Corp. Reports Fourth Quarter and Fiscal 2023 Financial Results
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- FOXF Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Fox Factory Holding Corp. Announces Fourth Quarter and Fiscal 2023 Earnings Conference Call
- Fox Factory price target lowered to $75 from $80 at Baird
