Once Upon a Farm initiated with a Hold at TD Cowen

TD Cowen initiated coverage of Once Upon a Farm (OFRM) with a Hold rating and $26 price target The firm views the company as well positioned to capitalize on growing demand for nutritious snacks for children due its “resonant positioning, high quality products, strong management team, and distribution opportunities.” However, the stock’s risk/reward is neutral given Once Upon’s recent deceleration in retail sales growth and valuation, the analyst tells investors in a research note.