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home / news releases / COCO - Vita Coco's margins will take a hit from higher ocean freight costs - analyst
2024-07-12 08:45:22 ET
With ocean freight rates start to rise again pressuring the company’s gross margin, Piper Sandler downgraded The Vita Coco Company ( NASDAQ: COCO ) to Neutral from Overweight, and trimmed its price target by a dollar to $28. ...
Vita Coco's margins will take a hit from higher ocean freight costs - analyst| Company Name: | The Vita Coco Company Inc. |
| Stock Symbol: | COCO |
| Market: | NASDAQ |
| Website: | thevitacococompany.com |
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