BofA analyst Rafe Jadrosich raised the firm’s price target on Fox Factory to $135 from $130 and keeps a Buy rating on the shares after having hosted investor meetings with the CFO, Chief Accounting Officer and Senior Director of Investor Relations and Business Development. Following the meetings, the firm believes that Fox Factory is still seeing strong momentum in its Powered Vehicle Group and Aftermarket Applications Group while seeing signs of stabilization in its Specialty Sports Group, the analyst tells investors.
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Read More on FOXF:
- Fox Factory management to meet with B. Riley
- Fox Factory price target raised to $130 from $120 at BofA
- Fox Factory price target lowered to $112 from $119 at Roth MKM
- Fox Factory sees FY23 adjusted EPS at lower end of $5.00-$5.30, consensus $5.16
- Fox Factory sees Q3 adjusted EPS $1.00-$1.20, consensus $1.41