TD Cowen Downgrades Vital Farms (VITL) to Hold

TD Cowen analyst Robert Moskow downgraded Vital Farms (NASDAQ: VITL) from Buy to Hold with a price target of $16.00 (from $25.00).

The analyst comments "We lower Vital Farms to Hold and PT to $16. The slowdown in VITL's retail sales trends has already caused the stock's valuation multiple to contract and short interest remains elevated. However, we step to the sidelines until there is more clarity on whether the causes of the slowdown are transitory or longer-lasting in nature."

For an analyst ratings summary and ratings history on Vital Farms click here. For more ratings news on Vital Farms click here.

Shares of Vital Farms closed at $13.55 yesterday.

You May Also Be Interested In

• Stripe, Advent In Talks To Buy Paypal - WSJ
• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• AI/ML Innovations plans $2M private placement on the CSE