Update: BofA Downgrades Fox Factory to Underperform From Neutral, Cuts Price Target to $20 From $24
(Updated to include BofA's commentary)BofA Securities downgraded Fox Factory (FOXF) to underperform from neutral and lowered its price target to $20 from $24.While the company's progress through its Profit Optimization Initiative, centered on business line rationalization, supply chain and materials cost productivity, and opex reduction, are expected to drive an uptick in H2 margins, the brokerage sees limited 2026 earnings upside.Fox Factory has an average rating of overweight and mean price target of $21.67, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $16.88, Change: $-1.22, Percent Change: -6.72%
