Yeti price target raised to $50 from $47 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Yeti to $50 from $47 and keeps an Equal Weight rating on the shares following what the firm calls “better than feared” Q2 results, including “another” top-line and gross margin beat with a FY23 guidance raise. However, underlying demand is still difficult to assess with limited sales visibility, the analyst tells investors.