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Fly News Breaks for April 11, 2019
YETI
Apr 11, 2019 | 06:30 EDT
Cowen analyst John Kernan started Yeti Holdings with an Outperform rating and $35 price target. Consensus sales and earnings estimates appear conservative as the company's shift to direct-to-consumer accelerates, Kernan tells investors in a research note. Further, implied estimates around wholesale and international segments suggest additional conservatism, adds the analyst. He notes the lock-up period on insider shares ends on April 22.