Mama’s Creations price target raised to $15 from $13 at Roth Capital

Roth Capital raised the firm’s price target on Mama‘s Creations (MAMA) to $15 from $13 and keeps a Buy rating on the shares. The company’s Q3 report had a lot to like, including 18% organic growth, better-than- expected gross margin, strong club channel growth, and new distribution awards at top tier retailers, the analyst tells investors in a research note. Management’s M&A playbook is “still early-days” and industry conditions are favorable, Roth added.