Canaccord analyst Brian McNamara raised the firm’s price target on Traeger to $7 from $6 and keeps a Buy rating on the shares. The firm believes the stock should be significantly rewarded once the market sees evidence of channel inventories clearing, which Traeger’s Q2 results and guidance demonstrate.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on COOK:
- 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)
- COOK Earnings Report this Week: Is It a Buy, Ahead of Earnings?