UPDATE: Goldman Sachs Starts Weber Inc. (WEBR) at Buy

Goldman Sachs analyst Kate McShane initiates coverage on Weber Inc. (NYSE: WEBR) with a Buy rating and a price target of $22.00.

The analyst comments "We are initiating on WEBR with a Buy rating as we see it as a solid growth story tied to the investing in the home theme with high brand awareness and global scale. The company's long-term financial algorithm includes +MSD to HSD annual revenue growth, and coupled with margin expansion supports an estimated +LDD annual EBITDA growth. We also think WEBR offers an attractive opportunity from a valuation perspective, as it currently trades at 16.0x 2022 EV/EBITDA vs. the peer median of 21.8x."

For an analyst ratings summary and ratings history on Weber Inc. click here. For more ratings news on Weber Inc. click here.

Shares of Weber Inc. closed at $16.27 yesterday.

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