Solo Brands price target raised to $11 from $9 at Piper Sandler

Piper Sandler analyst Peter Keith raised the firm’s price target on Solo Brands to $11 from $9 and keeps an Overweight rating on the shares. The analyst sees "substantial" free cash flow generation this year resulting in a free cash flow yield of over 15%, despite the stock being 115% year-to-date. Chubbies is rolling out to all Dick’s Sporting Goods doors, which alone should provide a 4% lift to total Solo sales in 2023, the analyst tells investors in a research note.