DA Davidson initiated coverage of Mama‘s Creations (MAMA) with a Buy rating and $18 price target The firm contends that the consensus is discounting the company’s long term growth potential as it believes that 10% net sales CAGR through FY30 does not require “heroic assumptions”, the analyst tells investors in a research note. DA Davidson further notes that the company’s “strengthened and seasoned” C-suite is applying a straight-forward playbook against an under-levered asset, inviting “significant margin expansion”.
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