Jarden backs My Food Bag valuation after disappointing IPO

Jarden backs My Food Bag valuation after disappointing IPO
Dan Brunskill
Jarden has begun equity research coverage of My Food Bag with a target price of $1.90 and a recommendation to buy.The investment bank shared responsibility for running the meal-kit company’s initial public offer which sold shares at $1.85, only to see them fall to $1.45 within weeks.Jarden analysts Andrew Steele and Lily Zhuang said the market price offered “an attractive entry point” with limited downside risk. Shares were trading near $1.60 this morning.This research is much more favourable than a report by equity research p...

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