SharkNinja rises after Oppenheimer starts at 'outperform'
** SharkNinja Inc's SN.N shares up 1.5% premarket to $110.39 after Oppenheimer initiates home appliance maker at 'outperform'
** Brokerage sets PT at $120, implying ~10% upside to stock's last close
** SN an "attractive global consumer growth play", Oppenheimer says in note, adding management has executed well and exceeded expectations in recent qtrs despite difficult US consumer durables backdrop
** Leading brand portfolio, track record and "strong" innovation, and differentiated marketing efforts to fuel further market share gains, Oppenheimer says
** During recent store checks, Oppenheimer says continues to see "a stepped up presence of SN products across US retailers from BJ and COST to Sephora and ULTA"
** Now, 11 of 12 brokerages covering SN rate stock "strong buy" or "buy", 1 rates "hold" and median PT is $105.83, per LSEG
** Through Mon close, stock up 112% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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