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Fly News Breaks for December 18, 2019
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.
News For YETI;LOW From the Last 2 Days
May 19, 2022 | 08:56 EDT
Truist analyst Scot Ciccarelli lowered the firm's price target on Lowe's to $237 from $283 but keeps a Buy rating on the shares. Despite negative comps due to tough comparisons and challenging weather, the company's earnings came in meaningfully above expectations due to productivity initiatives and margin expansion, the analyst tells investors in a research note. Ciccarelli adds that Lowe's sales remain robust and accelerated in seasonal categories as the weather has improved.