Piper Sandler analyst Peter Keith raised the firm’s price target on Traeger to $5 from $4 and keeps a Neutral rating on the shares following “a beat-and-raise quarter.” Demand trends appear to be approaching trough levels, but the firm would like to have greater visibility on sell-through trends moving to positive year-over-year before becoming more positive on shares, the analyst tells investors.
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:
- Traeger price target raised to $7 from $6 at Canaccord
- Traeger upgraded to Outperform from Market Perform at Telsey Advisory
- Traeger jumps 21% to $5.00 after Q2 earnings beat, guidance raise
- Trager raises FY23 revenue view to $585M-$600M from $560M-$590M
- Trager reports Q2 adjusted EPS 4c, consensus (2c)