Yeti price target lowered to $35 from $36 at KeyBanc

KeyBanc yesterday morning lowered the firm’s price target on Yeti (YETI) to $35 from $36 and keeps an Underweight rating on the shares. The firm continues to see risk to Yeti due to tougher compares, its tariff exposure, and competitor “brand heat.” The company has “managed to check most boxes” through fiscal 2024, but it has continued to display more modest organic U.S. trends, the analyst told investors in a research note. Looking into fiscal 2025, KeyBanc believes the end of easier comps, no longer lapping the soft cooler recall in Q4, and strong international comps “raise caution.”