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Wells Fargo Keeps Their Buy Rating on Vita Coco Company (COCO)

Tipranks - Tipranks - Wed Feb 25, 8:04AM CST

In a report released on February 20, Christopher Carey from Wells Fargo maintained a Buy rating on Vita Coco Company, with a price target of $63.00. The company’s shares closed yesterday at $53.96.

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Carey covers the Consumer Defensive sector, focusing on stocks such as Church & Dwight, Conagra Brands, and Clorox. According to TipRanks, Carey has an average return of 2.7% and a 52.44% success rate on recommended stocks.

In addition to Wells Fargo, Vita Coco Company also received a Buy from Evercore ISI’s Robert Ottenstein in a report issued yesterday. However, today, Morgan Stanley maintained a Hold rating on Vita Coco Company (NASDAQ: COCO).

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Based on Vita Coco Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $127.79 million and a net profit of $5.53 million. In comparison, last year the company earned a revenue of $127.29 million and had a net profit of $3.37 million

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