Barclays Starts Hawkins (HWKN) at Equalweight

Barclays analyst William Grippin initiates coverage on Hawkins (NASDAQ: HWKN) with a Equalweight rating and a price target of $170.00.

The analyst comments: “HWKN offers exposure to recurring water treatment demand and an attractive route-based model that drives strong customer retention. However, while growth remains steady (mid-single digit supported by the company's M&A strategy), current valuation (~19x EV/EBITDA) appears full relative to its ~6.5% earnings growth outlook, in our view, leaving a balanced risk/reward skew given some exposure to cyclical end markets and raw material volatility.”

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

Shares of Hawkins closed at $141.40 yesterday.

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