FitLife Brands initiated with a Buy at Roth MKM

Roth MKM analyst Sean McGowan initiated coverage of FitLife Brands with a Buy rating and $40 price target. FitLife owns and manages 13 wellness brands with a focus on protein and other health supplements, the analyst tells investors in a research note. The firm says a combination of acquisitions, organic growth and “margin-enhancing channel shifts has led to strong revenue and profit growth in recent years.” It expects double-digit revenue growth and further operating expense leverage to continue, “and that strong results will drive a higher stock price.”