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Fly News Breaks for July 16, 2018
FOXF
Jul 16, 2018 | 08:52 EDT
Jefferies analyst Randal Konik started Fox Factory with a Buy rating and $63 price target. The company has "significant white space" in the "attractive" performance ride dynamics industry with new vehicle categories, deeper aftermarket penetration, international growth, a broadened addressable market, and acquisitions, Konik tells investors in a research note. He believes Fox Factory's brand, distribution, and research and development "should support robust growth ahead."