Vital Farms upgraded to Buy at TD Cowen after pullback

As previously reported, TD Cowen upgraded Vital Farms to Buy from Hold with an unchanged price target of $44 following Vital Farms’ “strong 2Q beat-and-raise.” The firm believes the pullback in the stock over the past five weeks creates a “second chance” for investors looking for a high quality consumer packed goods growth company that is “well-insulated from a slowdown in consumer spending,” adding that it sees upside to sales beyond the $1B target for 2027.