3 Wall Street Initiations From Today Worth Paying Attention To

UBS initiated coverage on Freshpet (NASDAQ: FRPT) with a Buy rating and a price target of $67.00. The analyst there said they think the worst is behind the company and the opening of its new facility in Ennis and DC in Dallas should drive profits. Shares closed relatively flat today.

Cowen initiated coverage on Generac (NYSE: GNRC) with an Outperform rating and a price target of $229. The analyst cited valuation, saying a sub $225 share price fully prices in a slowing growth environment for a category leader with secular tailwinds. The analyst also sees a clear disconnect in Generac’s 2023 growth expectations amongst its sell-side coverage. Shares gained over 2% today following the call.

Canaccord Genuity initiates coverage on Bioceres Crop Solutions (NASDAQ: BIOX) with a Buy rating and a price target of $22.50. The analyst sees strong double-digit revenue growth and expanding EBITDA. Shares gained over 3% today on the news.

By StreetInsider.com Staff

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