Yeti price target lowered to $46 from $50 at Morgan Stanley

Morgan Stanley analyst Megan Alexander lowered the firm’s price target on Yeti to $46 from $50 and keeps an Equal Weight rating on the shares. The firm is updating estimates and price targets across its North America Leisure coverage to reflect recent data trends and to mark to market, as well as rolling forward to value on 2025 estimates in many cases, the analyst tells investors.