Canaccord lowered the firm’s price target on Yeti (YETI) to $42 from $44 and keeps a Hold rating on the shares. The firm said they reported relatively strong Q4 results, with adjusted sales coming in ~1% above consensus. While the company performed better than expected in 2024, management finally acknowledging competitive pressures in drinkware suggesting the competitive onslaught might be worse than originally thought.
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