YETI's Long-Term Growth Potential Shines: BofA Analyst Predicts Major Gains from Global Expansion and M&A

YETI Holdings, Inc. YETI shares are trading lower Friday. BofA Securities analyst Alexander Perry upgraded the company to Buy (from Neutral) and raised the price target to $55 (from$ 46). The company reported second-quarter financial results yesterday and raised FY24 adjusted EPS guidance. YETI reported adjusted EPS of $0.70 (+23% Y/Y), beating the estimate. The company projects FY24 adjusted sales to rise 8% – 10% (up from 7% – 9% prior) and adjusted EPS of$ 2.61 – $2.65 (versus$ 2.59 estimate), up from pr ...