Fox Factory price target lowered to $90 from $112 at Roth MKM

Roth MKM lowered the firm’s price target on Fox Factory to $90 from $112 and keeps a Neutral rating on the shares. The company reported a lower than expected Q3 as soft economic conditions weigh on the company’s Bike business, the analyst tells investors in a research note. The firm further cites the ongoing glut of channel inventory and impact from the UAW strike impacting the Powered Vehicles Group and Aftermarket Accessories Group.