Lake Street raised the firm’s price target on Vital Farms to $32 from $26 and keeps a Buy rating on the shares. A visit to a Vital Farms egg supplier left the analyst “struck by how aligned the promise of its brand is to the reality of its farmer operations” and the firm believes “this alignment is directly correlated to shareholder value.” The firm believes runway remains for the stock via multiple expansion and potential earnings outperformance, the analyst tells investors.
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