Yeti Holdings Inc. (YETI) PT Raised to $43 at TD Cowen

TD Cowen analyst John Kernan raised the price target on Yeti Holdings Inc. (NYSE: YETI) to $43.00 (from $38.00) while maintaining a Hold rating.

The analyst commented: "Drinkware upside (+13 y/y), particularly given recent strength of Stanley along with outsized Gross Margin strength within Q1. Raising Price target to $43 - 15x FY15E EPS. We expect sentiment to improve following Q1's results. YETI's ROIC (34%) is at the top of peers but concerns over competition, pricing, and replacement cycles continue. EBIT margin and EPS guidance is rising post Q1."

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