Seeking Alpha

Canaccord, Wedbush initiate bullish coverage on Enzymotec

  • Canaccord starts recently public Enzymotec (ENZY +1%) at Buy.
  • Analyst Scott Van Winkle says the company "is well positioned to drive sustained growth in the highly attractive nutrition market, translating into strong sales, margin, and earnings momentum."
  • Price target is $24, representing a 35% upside from Monday's close.
  • Also picking up coverage is Wedbush, where analyst Rommel Dionisio starts the shares at Outperform with a $21 price target. "With its proprietary technology in lipids and expanding global distribution platform, ENZY will continue to gain market share within three fast-growing industry segments of nutritional foods and supplements: krill oil; infant nutrition; and medical foods,"  Dionisio says.
  • Wedbush note is here
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