Advantage Solutions price target raised to $50 from $37.50 at Canaccord

Canaccord analyst Joseph Vafi raised the firm’s price target on Advantage Solutions (ADV) to $50 from $37.50 and keeps a Buy rating on the shares. The firm noted shares have tripled over the last couple of months and results from the quarter landed into that recovery that management laid out in Q4; Experiential strength, Retailer back to growth, Branded still working through headwinds, and cash generation continuing to hold up.