Flexible Solutions price target raised to $9 from $5.50 at Greenridge

Greenridge raised the firm’s price target on Flexible Solutions (FSI) to $9 from $5.50 and keeps a Buy rating on the shares after the company announced the signing of a major food product agreement. Besides the size of the deal, the announcement is significant in that it allows the company to scale up its food product business in a cost effective manner and may be a catalyst for getting additional Food contract wins over time, the analyst tells investors in a research note. The firm added that, as a result of updated estimates, it increased its price target