Fox Factory price target raised to $135 from $120 at Jefferies

Jefferies analyst Anna Glaessgen raised the firm’s price target on Fox Factory (FOXF) to $135 from $120 and keeps a Buy rating on the shares, citing recent momentum. Glaessgen noted that Ford (F) has filed a patent that was published this month to provide bidirectional charging for recreational vehicles with EVs and thinks that this "eventual optionality should unlock incremental demand," but continues to believe conversion to e-power in the space will be led by segments with "clear justification," such as hunting. As a premium supplier, Glaessgen views Fox Factory as best positioned as this dynamic unfolds across vehicle classes.