Yeti transitioned with a Sector Weight at KeyBanc

KeyBanc analyst Noah Zatzkin took over coverage of Yeti Holdings with a Sector Weight rating and no price target. Yeti is a "best-in-class growth story in non-recessionary times," but conviction in the company’s historical growth algorithm is waning given the "precarious" macro environment, competition, and recent "brand hiccups," the analyst tells investors in a research note.