Mama’s Creations price target raised to $24 from $20 at Maxim

Maxim raised the firm’s price target on Mama‘s Creations (MAMA) to $24 from $20 and keeps a Buy rating on the shares. The firm’s Investor Day has detailed recent progress around new SKUs at Walmart and its first Costco Everyday Item, the analyst tells investors in a research note. Mama’s Creations has developed a pipeline of M&A opportunities focused on incremental customers, distribution footprint diversification, and new product categories, the firm adds.