Holley initiated with a Buy at Freedom Broker
Freedom Broker initiated coverage of Holley with a Buy rating and $3.80 price target. The firm contends that the market underappreciates the company's improved cost structure, margin resilience and free-cash-flow capacity, the analyst tells investors in a research note. Holley's sustained EBITDA margins above 20%, portfolio simplification, organic growth, and continued deleveraging should support stronger earnings and a gradual narrowing of the valuation discount, the firm added.
Freedom Broker initiated coverage of Holley with a Buy rating and $3.80 price target.
The firm contends that the market underappreciates the company's improved cost structure, margin resilience and free-cash-flow capacity, the analyst tells investors in a research note.
Holley's sustained EBITDA margins above 20%, portfolio simplification, organic growth, and continued deleveraging should support stronger earnings and a gradual narrowing of the valuation discount, the firm added.