Mama’s Creations price target raised to $10 from $8.50 at Roth MKM

Roth MKM analyst George Kelly raised the firm’s price target on Mama‘s Creations (MAMA) to $10 from $8.50 and keeps a Buy rating on the shares. The company’s Q2 results “modestly” beat the firm’s estimates despite continued commodity pricing pressure and unexpected manufacturing construction inefficiency, while distribution growth will benefit from new SKUs at regions at Costco (COST) and the launch at Walmart (WMT) later this fall, the analyst tells investors in a research note. The firm adds that while the management commented that convenience-store growth has been weaker than anticipated, this is not a meaningful contributor to current growth expectations.