Holley price target lowered to $6 from $8 at Benchmark

Benchmark analyst John Lawrence lowered the firm’s price target on Holley to $6 from $8 and keeps a Buy rating on the shares after the company announced "disappointing" preliminary Q4 results along with news of a CEO transition. The firm’s lowered target is based on the visibility of improved sales trends over the next few quarters, noting that management said it expects to unveil FY23 guidance with the release of Q4 results in early March.