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Fly News Breaks for March 22, 2019
DKS, YETI
Mar 22, 2019 | 07:38 EDT
Jefferies analyst Randal Konik raised his price target for Yeti (YETI) to $40 from $35 and keeps a Buy rating on the shares. The analyst says his analysis of search trends and store checks indicates the Yeti brand "is becoming increasingly sought after, and brand reach is expanding." The company is gaining traction in new colorways, cooler demand is strengthening, shelf space at Dick's (DKS) is growing, and e-commerce conversion is improving, Konik tells investors in a research note. He raised his 2020 estimates, believes Yeti is in the early stages of global growth and that its shares will continue to move higher.