1242 GMT - Jamieson Wellness' stock pullback is more to do with investor sentiment than company quality, says TD Cowen's Derek Lessard, who believes it's a good time to buy. Shares are down 19% year-to-date which is likely tied to investor preference towards large caps under economic uncertainty and unwarranted tariff fears, he says in a note. However, the brand continues to see consumption growth across its markets, channels and brands. This momentum is helping Jamieson generate cash, especially in North America and Asia. Lessard expects cash growth rates of 40% compounded annually from its U.S. and China growth strategy, and margin expansion through operating leverage, efficiencies and lower incremental promotional and marketing spend. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 07:42 ET (12:42 GMT)
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