Laird Superfood upgraded to Buy from Neutral at Roth MKM

Roth MKM upgraded Laird Superfood to Buy from Neutral with a price target of $4.50, up from $1.30. Since mid-2023, the company has transformed its business and P&L, “flipping to more consistent growth and dramatically higher margin,” says the analyst, who believes the improvements are sustainable after “another strong quarter.”