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Fly News Breaks for December 17, 2019
YETI
Dec 17, 2019 | 07:59 EDT
Roth Capital analyst Dave King initiated coverage of Yeti with a Buy rating and $37 price target. Yeti is creating market share and successfully transitioning to a leading lifestyle brand, while its drinkware business is helping to drive a trend toward sustainability, King tells investors in a research note. He adds that margins are benefiting from the company's premium price points and direct-to-consumer and drinkware category growth that should more than offset near-term tariff pressures.