Why Yeti Stock Surged Higher This Week
Shares of outdoor lifestyle brand Yeti (NYSE: YETI) rose 7% this week as of 1 p.m. E.T. Thursday, according to data provided by S&P Global Market Intelligence.
The main impetus for this increase stems from a analyst raising their price target on the company from $36 to $44, implying roughly 16% upside.
However, the company's share price also appears to be rising due to an unexpected use case for one of Yeti's products.
Source Fool.com
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