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Fly News Breaks for November 8, 2019
YETI
Nov 8, 2019 | 05:41 EDT
Baird analyst Peter Benedict added Yeti as a "positive Fresh Pick" following the stock's recent 16% pullback. The selloff has created a "compelling buying opportunity," says the analyst, who expects the company to report a "strong" Q4 and sees an upward bias to 2020 estimates. With a "significant runway for future growth," the stock's 25% valuation discount to growth peers "is simply too compelling to ignore," Benedict tells investors in a research note. He keeps an Outperform rating on Yeti with a $45 price target.
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