DA Davidson Bullish On Jerash, Sees Huge Upside

by Shivani Kumaresan, Benzinga Staff Writer

October 13, 2021 11:07 AM | 1 min read | Make a Comment

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.