Jarden backs My Food Bag valuation after disappointing IPO

Thu, 01 Apr 2021

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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