Yeti Has Catalysts for 2H and Long-Term Strategy -- Market Talk

Dow Jones08-10

1405 ET - Yeti is full of the right stuff for one new bull. The maker of coolers and insulated drinkware has multiple growth drivers for potential 2H upside including National Football League licensed drinkware and hard coolers, support from Amazon's Prime Day, and contributions from more price accessible products and expansion into cookware launching this month, say Alexander Perry and Robert Ohmes, analysts at at BofA Securities in a research note. The analysts see long-term strategy support from its product and category diversification, international expansion, and opportunity for more M&A balanced with share repurchases in 2024. BofA upgrades Yeti to buy and raises its target to $55 from $46. Shares fall 5% to $40.95. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

August 09, 2024 14:05 ET (18:05 GMT)

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The maker of coolers and insulated drinkware has multiple growth drivers for potential 2H upside including National Football League licensed...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4190","symbol_name":"消闲用品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2458512712","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2458512712","pubTimestamp":1723226700,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1405 ET - Yeti is full of the right stuff for one new bull. 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