TD Cowen raised the firm’s price target on Vital Farms (VITL) to $59 from $48 and keeps a Buy rating on the shares. The firm said despite an increasingly competitive bidding environment for pasture-raised egg farmers, Vital Farms has expanded its independent farmer supplier network to 500 and built a pipeline of prospects 8 times the size of its 2026 requirements. Strong relationships with family farmers provide a competitive advantage in a category where reliable supply at national scale is challenging.
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