Yeti price target raised to $55 from $48 at Raymond James

Raymond James analyst Joseph Altobello raised the firm’s price target on Yeti to $55 from $48 and keeps an Outperform rating on the shares. Yeti’s Q2 results beat expectations largely on better margins, a pull-forward of wholesale shipments ahead of Q3 launches, and revenue related to the redemption of recall-related gift cards, the analyst tells investors in a research note.