All the market-moving Wall Street chatter from Friday

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All the market-moving Wall Street chatter from Friday

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. We’re particularly encouraged by positive traffic as initiatives across menu innovation and marketing accelerated trends through 2Q despite industry pressures. … We believe leading store development and plans across kitchen automation, menu innovation and loyalty should support sss & EBITDA growth over the coming yrs and drive further share upside.” — Alex Harring 5:44 a.m.: Bank of America upgrades Yeti to buy After a strong earnings report, investors should consider gaining adding Yeti to their portfolios, according to Bank of America. Analyst Alexander Perry upgraded the outdoor products and container maker to buy from neutral. His price target of $55, up from $46, implies upside of 27.5%. The rating change comes a day after Yeti reported second-quarter results that beat analyst expectations. Shares rallied more than 16% on Thursday. “We raise our C24 EPS to $2.65 (from $2.60) and see drivers of potential 2H upside including: (1) new licensing deal with the NFL for drinkware and hard coolers; (2) support from AMZN prime day in 3Q; & (3) strong new product contribution including the Roadie 15 which is more price accessible vs. other YETI hard coolers and with the expansion into cookware with YETI skillets launching this month,” Perry wrote. Year to date, shares are down j16%. YETI YTD mountain YETI in 2024 — Fred Imbert

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