Cowen Starts Vital Farms (VITL) at Outperform

Cowen analyst Brian Holland initiates coverage on Vital Farms (NASDAQ: VITL) with an Outperform rating and a price target of $23.00.

The analyst commented, "We are initiating coverage of Vital Farms (NASDAQ: VITL) with an Outperform rating and $23 price target. At current levels, we believe the stock has already priced in cost headwinds, but is discounting the considerable potential for pasture raised refrigerated dairy. Should the company execute its sales growth strategy, and margins expand once macro cost pressures abate, risk / reward is favorable."

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 $16.47 yesterday.

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