Solo Brands price target lowered to $3 from $4 at Piper Sandler

Piper Sandler lowered the firm’s price target on Solo Brands to $3 from $4 and keeps a Neutral rating on the shares. Solo Brands’ Q4 results were in line with negatively pre-announced results from early January, and while the firm agrees with the proposed change to marketing strategy, and see an opportunity for product innovation, the outlook over the next 12 months is extremely cloudy, the analyst tells investors in a research note.