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What happened, with direct paths to the underlying reporting
BofA upgraded YETI to Buy and target price to $55. YETI reported Q2 earnings with adjusted EPS of $0.70, beating estimates. FY24 adjusted sales guidance was raised to 8% – 10% growth. Analyst expects NFL drinkware to significantly boost future revenues. Long-term prospects include new products and international market expansion.
- BofA upgraded YETI to Buy and target price to $55.
- YETI reported Q2 earnings with adjusted EPS of $0.70, beating estimates.
- FY24 adjusted sales guidance was raised to 8% – 10% growth.
- Analyst expects NFL drinkware to significantly boost future revenues.
- Long-term prospects include new products and international market expansion.
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