Yeti price target raised to $57 from $55 at Piper Sandler

Piper Sandler analyst Peter Keith raised the firm’s price target on Yeti to $57 from $55 and keeps an Overweight rating on the shares following the company’s “beat-and-raise quarter.” Overall sales trends at Yeti “remain decent” absent the “confusing gift card accounting related to the product recalls” and gross margin continues to see upside, says the analyst, who thinks the next 18 months “continue to look very appealing” for Yeti shares.