Holley price target lowered to $8 from $9 at Canaccord

Canaccord lowered the firm’s price target on Holley to $8 from $9 and keeps a Buy rating on the shares. The firm said they believe new management has taken the right steps in plucking low-hanging fruit to professionalize the business, and a return to sustainable top-line growth is not an “if” but a “when”.