Lake Street analyst Ben Klieve initiated coverage of Vital Farms (VITL) with a Buy rating and $22 price target. Vital Farms "represents a tentpole institutional investment" given that next-generation animal protein company Vital has consistent 25%-plus volume growth and stable, premium pricing versus legacy producers like Cal-Maine (CALM) with flat volume growth and "significant commodity pricing exposure," the analyst tells investors.
Published first on TheFly
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