Honest Company price target raised to $7 from $5 at Loop Capital

Loop Capital analyst Laura Champine raised the firm’s price target on Honest Company (HNST) to $7 from $5 and keeps a Buy rating on the shares. The firm cites the company’s Q3 earnings beat and guidance raise, also noting that Honest’s relationship with Amazon (AMZN) remains a bright spot, with consumption at the company’s “largest digital customer” up 19%, the analyst tells investors in a research note.

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