Jamieson Wellness Inc (TSX:JWEL) (OTC:JWLLF) price target has been raised to C$46 from C$39 by RBC Capital analyst Sabahat Khan.
The analyst maintained the Outperform rating on the shares.
Jamieson Wellness signed a definitive agreement to acquire Nutrawise Health and Beauty Corp, owner of the youtheory brand.
Khan states that the recently announced acquisition of Nutrawise is favorable.
The acquisition provides Jamieson with a growth platform into the U.S. VMS market at an attractive price, mentions the analyst.
Price Action: JWEL shares are trading lower by 1.40% at C$37.96 on TSX on the last check Friday.
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