Information Provided By:
Fly News Breaks for December 18, 2019
LOW, YETI
Dec 18, 2019 | 08:42 EDT
Jefferies analyst Randal Konik said his checks reveal that Yeti (YETI) products are now being sold by Lowe's (LOW) online and in at least 29 stores in 6 states, with more store distribution to come in February. He sees this as a sign of Yeti's increasing awareness, distribution, and brand "love." The analyst, who sees the total addressable market widening for Yeti, keeps a Buy rating and $47 price target on the shares.