Meat snack producer Stryve Foods rises after Cowen starts coverage

Stryve Foods

25/08/2021 14:36

** Shares of meat snack producer  SNAX.O  up 2.35% at $6.89
after Cowen and Company starts coverage with "outperform" rating
and $12 PT
    ** Cowen sees SNAX as a disrupter in the $5 bln meat snack
market with a differentiated offering
    ** Brokerage says co provides a strong value proposition
aligned with consumer preference - that is low sugar and carb
offerings
    ** Cowen says SNAX is well positioned as meat snacks are
growing faster than broader salty snacks
    ** "Considerable whitespace available to its unique product
line is complemented by barriers to entry, mindful of the United
States Department of Agriculture's (USDA) high bar for approving
air dried meat facilities" - Cowen
    ** Avg. stock rating is "buy"; median PT is $15 - Refinitiv
data
    

 (Reporting by Siddarth S)
 ((Siddarth.s@thomsonreuters.com;))