- DA Davidson analyst John Morris initiated coverage of Jerash Holdings (US) Inc JRSH with a Buy rating and $11 price target, suggesting an upside of 53.8%.
- The analyst is positive on the company's outsized growth with multiple highly visible sales and margin growth drivers, and also cites its barriers to entry being "difficult to replicate."
- Bajer added the growth drivers of Jerash include strong apparel trends in the U.S., while its margin drivers included full capacity utilization and mix shift to higher-value products.
- Price Action: JRSH shares are trading higher by 3.47% at $7.15 on the last check Wednesday.
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