Yeti price target raised to $36 from $33 at KeyBanc

KeyBanc raised the firm’s price target on Yeti to $36 from $33 and keeps an Underweight rating on the shares. KeyBanc continues to see risk to Yeti’s historical double digit growth algorithm looking into 2024 via an unusually heavy channel at times during 2023, brand dilution, and competitor brand heat, the analyst tells investors in a research note.