BMO Capital analyst Simeon Siegel raised the firm’s price target on Traeger to $7 from $5 and keeps an Outperform rating on the shares. The company’s Q2 results saw better revenue across all three segments flowing through at better gross margins, and its management spoke to improving inventory on the balance sheet and across the channel, the analyst tells investors in a research note.
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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)
