Fox Factory price target lowered to $74 from $90 at Roth MKM

Roth MKM lowered the firm’s price target on Fox Factory to $74 from $90 and keeps a Neutral rating on the shares ahead of its Q4 results this week. The extended weakness in the Specialty Sports Group and potential for softening in the Powered Vehicles Group segments are expected to weigh on near-term results, which should persist throughout the second half of the year, the analyst tells investors in a research note.