The Vita Coco Company rises as brokerages start coverage with top rating

The Vita Coco

15/11/2021 12:35

** Shares of recently listed packaged coconut water co
 COCO.O  rise 2.1% to $14.8 premarket
    ** At least three brokerages start coverage with top rating,
assign PTs between $17 and $21
    ** "COCO's position as niche better-for-you beverage
platform offers sufficient top-line strength and bottom-line
earnings power to warrant potential valuation upside" - Credit
Suisse
    ** Co reported Q3 results last week: 60% jump in EPS y-o-y,
~33% jump in net sales  urn:newsml:reuters.com:*:nASA02SE9
    ** Stock has fallen 5.7% since debuting on Oct. 21

 (Reporting by Susan Mathew)
 ((susan.mathew@thomsonreuters.com))