Jefferies Starts Whole Earth Brands Inc. (FREE) at Buy
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Jefferies analyst Rob Dickerson initiates coverage on Whole Earth Brands Inc. (NASDAQ: FREE) with a Buy rating and a price target of $22.00.
The analyst commented, "We initiate coverage on Whole Earth Brands, a global sweeteners company, with a Buy rating and a $22 PT. Given the increasing global shift away from traditional sugar combined w/ a positive health-focused consumption backdrop, we believe FREE’sdiversified product portfolio of clean-label/natural sweeteners positions it well for outsized organic growth vs. food peers (with M&A upside), all while valuation remains materially discounted (~35% on P/E & EV/EBITDA)."
Shares of Whole Earth Brands Inc. closed at $13.50 yesterday.
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