As previously reported, BofA initiated coverage of Karat Packaging (KRT) with a Neutral rating and $28 price target Volumes remain “solid” and the firm sees other positives, but Karat is in a competitive sector with macro risks, the analyst tells investors. While the firm likes Karat’s approach as it has transitioned to focusing on distribution from growing manufacturing, it views the shares as fairly valued.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KRT: