Hawkins initiated with a Market Perform at Raymond James

Raymond James analyst Bobby Zolper initiated coverage of Hawkins (HWKN) with a Market Perform rating and no price target The firm is cautious on the shares following the 700% rally since 20219. Hawkins is an 80-year-old business with limited long-term earnings growth in the low- to mid-teens range, the analyst tells investors in a research note. Raymond James views the stock’s valuation as “less-than-compelling.”