Yeti price target lowered to $45 from $55 at Raymond James

Raymond James lowered the firm’s price target on Yeti to $45 from $55 and keeps an Outperform rating on the shares following the company’s Q4 report. Cost pressures and a recent soft cooler recalls are expected to limit near-term EPS growth, but the firm believes these pressures are "well reflected" and likely to abate later in 2023, the analyst tells investors.