BofA upgraded Vita Coco (COCO) to Buy from Neutral with a price target of $54, up from $48, following the Friday post-market announcement from White House excluding certain agricultural products, including coconut water, from reciprocal tariffs. The firm’s revised estimates reflect tariff exemption relief effective November 13 and it removes the incremental tariff headwind it previously forecast, raising its FY26 adjusted EBITDA estimate by $37.5M to $128.1M, the analyst tells investors.
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