B.Riley Raises Yeti to Buy, Cites Drinkware Recovery and Strong Q4 Results
B.Riley has upgraded Yeti Holdings Inc. (YETI) from Neutral to Buy and increased its price target to $54 from $35, pointing to a recovering drinkware segment and solid fourth-quarter results. The firm's assessment aligns closely with a Fair Value estimate of $54.85 and highlights Yeti's robust margins, net cash position and historical sales growth.