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Weber Set to Gain From Rival's Stumble

·2 min read
In this article:
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  • WEBR
  • COOK

"High-end grill maker Traeger Inc. got grilled Tuesday, falling nearly 16% after reporting third-quarter earnings that were worse than expected," said Jonathan Heller in Real Money. "COOK currently trades at just under 25x next year's consensus estimates." "The thing that was more interesting was Tuesday's action in fellow grill maker Weber Inc., which dropped about 7% on no company-specific news but likely in sympathy with COOK," Heller added.