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Fly News Breaks for July 9, 2019
YETI
Jul 9, 2019 | 06:05 EDT
Following a "deep dive analysis" in the company's model, Piper Jaffray analyst Peter Keith has increased confidence in Yeti's ability to drive continued 10%-15% sales growth and 15%-20% EBIT growth at least through 2020. Further, 2019 estimates and guidance look beatable given the company's current business momentum, Keith tells investors in a research note. He expects Yeti's "continued beat-and-raise earnings cadence" to bring down the stock's 60% short interest over time. Keith keeps an Overweight rating on the shares with a $38 price target.
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