Goldman Sachs analyst Bonnie Herzog raised the firm’s price target on Vita Coco (COCO) to $58 from $52 and keeps a Buy rating on the shares after the company issued a press release this morning to provide an update on the expected impact of tariffs following the November 14 executive order that provides relief from reciprocal tariffs for certain agricultural products, including the tariff codes applicable to coconut water products. While management does not expect lowered tariffs to have a material impact on FY25 results, the firm raised its FY26 and FY27 EPS estimates based on the news.
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