Vita Coco price target lowered to $24 from $31 at Piper Sandler

Piper Sandler analyst Michael Lavery lowered the firm’s price target on Vita Coco to $24 from $31 and keeps an Overweight rating on the shares. Vita Coco’s top-line outlook remains attractive, but near-term cost uncertainty is a headwind for the stock, the analyst tells investors in a research note.