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Fly News Breaks for May 2, 2019
YETI
May 2, 2019 | 15:59 EDT
Baird analyst Peter Benedict recommends using the post-earnings selloff today in shares of Yeti as a buying opportunity. The analyst says that while expectations were high heading into the print, he's surprised by today's 10%-plus pullback. The company delivered a "high-quality" beat and increased fiscal 2019 earnings guidance by ~2%, Benedict tells investors in a research note. He remains bullish on Yeti with an Outperform rating and $38 price target.
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