Vital Farms price target raised to $60 from $50 at Lake Street

Lake Street analyst Ben Klieve raised the firm’s price target on Vital Farms (VITL) to $60 from $50 and keeps a Buy rating on the shares following an “across-the-board beat” in Q2 and full-year guidance being increased. There is “little to pick at in the report or from the earnings call,” says the analyst, who calls Vital the “highest conviction small cap investment opportunity in the food chain today.”