Hawkins (HWKN) PT Raised to $44 at BWS Financial

BWS Financial analyst Hamed Khorsand raised the price target on Hawkins (NASDAQ: HWKN) to $44.00 (from $33.50) while maintaining a Buy rating.

The analyst commented, "The March quarter (fiscal fourth quarter) is looking to have all the necessary ingredients for Hawkins (HWKN) to report better than expected results. The ongoing shortage of chlorine has resulted in a higher price for the chemical that has extended well into the March quarter. The increase in grain prices has usually aligned with farmers spending more on fertilizer, which would be a positive for HWKN. The proliferation of vaccine inoculation against COVID-19 should result in an increase in chlorine orders from the hospitality industry."

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