1132 ET - Yeti Holdings stands out as an attractive target for private equity firms due to its strong cash flow and robust brand, say Jefferies analysts in a research note. "We believe Yeti mirrors the strategic appeal that led 3G Capital to acquire Skechers in order to leverage its innovation pipeline and global expansion," they add. Private equity firm 3G Capital earlier Monday agreed to acquire Skechers in a deal worth about $9.4 billion. "The current economic uncertainty and market volatility have given rise to activist campaigns creating a ripe environment for transformative opportunities akin to Skechers' recent privatization path," say the analysts. Shares of Yeti climb 0.4% to $28.95. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 05, 2025 11:32 ET (15:32 GMT)
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