Read How Analysts Reacted To This Wood Pellet Grill Maker's Q4 Results

Morgan Stanley analyst John Glass lowered the price target on Traeger Inc COOK to $10 from $26 and maintained an Equal Weight rating on the shares. The revised price target implies a 31.23% upside.
Glass noted grill demand appears to be softening post-COVID to a greater extent than previously expected.
Traeger's shares are down over 50% from the IPO price, mirroring lowered market expectations.
BMO Capital analyst Simeon Siegel lowered the price target to $16 (110% upside) from $23 but kept an Outperform rating on the shares.
Siegel said the company came up with conservative guidance, weighing heavily on shares.
Telsey Advisory Group analyst Joseph Feldman lowered the firm's price target to $14 (84% upside) from $20 while maintaining an Outperform rating on the shares.
Stifel analyst Jim Duffy downgraded Traeger from Buy to Hold and reduced the price target to $7.5 ( 1.3% downside) from $26.
Piper Sandler analyst Peter Keith lowered the price target to $10 (31% upside) from $17 and maintained Overweight on the shares.
Jefferies analyst Randal Konik downgraded the company to Hold from Buy and gave a price target of $7 (8% downside).
Traeger's FY22 revenue outlook of $800 million - $850 million is shy of the consensus of $955.91 million.
Price Action: COOK shares are trading lower by 13.4% at $7.62 on the last check Thursday.

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