Canaccord lowered the firm’s price target on Traeger to $4 from $5 and keeps a Buy rating on the shares. The firm believes the stock’s underperformance is largely due to its leverage, dearth of actionable news flow, and a lack of trading volume and they believe Street expectations are reasonable and find the risk-reward favorable.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on COOK:
