Laird Superfood: Rises as brokerages bullish on new products, subscription sales

Laird Superfood

19/10/2020 15:09

** U.S.-listed shares of plant-based food product maker
 LSF.N  up 8.1% to $53.13
    ** Craig-Hallum initiates with 'buy' rating and $60 PT
    ** Brokerage expects co's revenue to nearly triple in the
next two years, driven by new product introductions, increased
brick and mortar distribution, and continued growth of
subscription sales
    ** Canaccord Genuity also initiates coverage with 'buy'
rating and $70 PT
    ** Brokerage says LSF's online platform, Lairdsuperfood.com,
 is an important driver of profitable growth for the company
    ** Up to Friday's close, stock was trading 46.8% above debut
price in late-September

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))