Traeger price target lowered to $2.20 from $2.80 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Traeger to $2.20 from $2.80 and keeps an Underweight rating on the shares. The firm is updating estimates and price targets across its North America Leisure coverage to reflect recent data trends and to mark to market, as well as rolling forward to value on 2025 estimates in many cases, the analyst tells investors.