FitLife Brands price target raised to $25 from $20 at Roth Capital

Roth Capital raised the firm’s price target on FitLife Brands (FTLF) to $25 from $20 and keeps a Buy rating on the shares. The firm is adjusting its estimates to reflect the acquisition, which closed last week, as Irwin Naturals nearly doubles the size of the company and increases its expected adjusted EBITDA by over 50%, with ample opportunity for cost synergies, the analyst tells investors in a research note.