UPDATE: Jefferies Starts Vital Farms (VITL) at Buy

August 25, 2020 4:15 AM EDT
Get Alerts VITL Hot Sheet
Price: $17.40 -7.35%

Rating Summary:
    4 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 12 | New: 30
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(Updated - August 26, 2020 9:11 AM EDT)

(updated to add analyst comments)

Jefferies analyst Rob DIckerson initiates coverage on Vital Farms (NASDAQ: VITL) with a Buy rating and a price target of $47.00.

The analyst commented, "Vital Farms, an ethical food company disrupting the US food system, is the leading brand of pasture-raised eggs and butter, and the second-largest US egg brand. With its plan togrow sales at a ~30% CAGR and an aim to more than double EBITDA margins by 2024— both achievable, in our view - we initiate coverage with a Buy rating and $47 price target, or ~20% upside over the next 12 months."

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 $39.38 yesterday.

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