BofA analyst Rafe Jadrosich raised the firm’s price target on Fox Factory to $130 from $120 given better visibility into Specialty Sports Group stabilization by Q4, while keeping a Buy rating on the shares. The firm points out in a research note on Friday that Fox Factory reported Q2 adjusted EPS of $1.21 as a 41.0% decline in Specialty Sports Group Sales sales was offset by a 36.2% increase in Powered Vehicle Group and 26.2% increase in Aftermarket Applications Group sales.
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