Analyst Brian McNamara from Canaccord Genuity maintained a Buy rating on Hillman Solutions (HLMN – Research Report) and keeping the price target at $13.00.
Brian McNamara has given his Buy rating due to a combination of factors that highlight Hillman Solutions’ resilience and strategic positioning. The company’s recent financial results showed a positive trend, with a notable increase in sales for their Hardware and Protective Solutions segment, driven by strategic acquisitions and new business opportunities. Additionally, the Robotics and Digital Solutions segment has returned to growth, indicating a successful rollout of new products.
Despite the market’s concerns about the impact of tariffs, McNamara believes that Hillman Solutions’ strong relationships with retailers will help mitigate these challenges. The company’s efforts to diversify its supply chain and reduce reliance on Chinese suppliers are seen as strategic moves to strengthen its market position. These factors, combined with the company’s ability to manage pricing effectively, underpin McNamara’s confidence in maintaining a Buy rating with a price target of $13.
In another report released on April 16, Jefferies also maintained a Buy rating on the stock with a $11.00 price target.