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Stock impact report

Fox Factory upgraded to ‘Buy’ at Stifel after earnings beat [Seeking Alpha]

Fox Factory Holding Corp. (FOXF) 
Last fox factory holding corp. earnings: 3/3 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ridefox.com
Company Research Source: Seeking Alpha
Fox Factory upgraded to â??Buyâ?? at Stifel after earnings beatAug. 05, 2022 7:47 AM ETFox Factory Holding Corp. (FOXF)By:Kevin P. CurranSA News Editorwundervisuals/E+ via Getty ImagesNASDAQ:The firmâ??s analysts upgraded shares of the Georgia-based manufacturer after the company posted a beat on earnings estimates andguided conservatively into the coming quarters. Thatconservative outlook, in fact, is key to setting up â??beat and raise opportunity into 2023â?, according to the analysis.â??Led by both Up-fitting and Auto OEM backlog, visibility is strong into 1H23 and commentary suggests the bike business outlook is better than feared,â? the note explained. â??Margin progress from the Georgia manufacturing facility in combination with moderating commodity costs sets the stage for margins to build across 2023.â?As such, Stifel hiked its price target on shares to $115 and upgraded shares from Hold to Buy.â??We are raising estimates but will maintain a conservative approach to projec Show less Read more
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