Vita Coco price target raised to $70 from $58 at Evercore ISI

Evercore ISI raised the firm’s price target on Vita Coco (COCO) to $70 from $58 and keeps an Outperform rating on the shares following “upbeat” meetings with the company’s management team. Scanner data suggests the year is running ahead of plan, says the analyst, who raised the firm’s EPS estimates and continues to believe Vita Coco has “the best growth story in Beverages.”