Maxim raised the firm’s price target on Mama‘s Creations (MAMA) to $20 from $16 and keeps a Buy rating on the shares after its Q3 results saw better than expected revenue, gross margin, and earnings. The firm remains bullish on Mama’s Creations following an across-the-board beat, driven by sales momentum and strong gains in distribution. The company has also announced new retail partnerships with Target (TGT) and Food Lion, and given its successful prior expansions into Costco (COST) and Walmart (WMT), Mama’s Creations is well positioned to execute on these new retail partner activations, the firm added.
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