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Fly News Breaks for May 17, 2019
May 17, 2019 | 08:40 EDT
Jefferies analyst Randal Konik says his analysis of search trends and web data illustrates the premium positioning of Yeti relative to peers and that the company is making progress in both heritage and non-heritage markets. Traffic to far outpaces that of competitors for both new and existing customers, Konik tells investors in a research note. The analyst continues to see "ample runway" for Yeti to expand its total addressable market. He keeps a Buy rating on the shares with a $45 price target.