Vita Coco price target raised to $89 from $74 at Piper Sandler
Piper Sandler analyst Michael Lavery raised the firm's price target on Vita Coco to $89 from $74 and keeps an Overweight rating on the shares. The firm notes the company reported a nice Q2 EBITDA beat, driven by lower year-over-year ocean freight costs, and higher pricing. It also reported Q2 sales above the Street, bu