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Investing.com - Desjardins initiated coverage on KITS Eyecare Ltd (TSX:KITS) with a Buy rating and a price target of C$23.00 on Thursday.
The Canadian financial services firm cited KITS Eyecare’s position as an online retailer of high-quality affordable glasses and contact lenses with nearly 1 million active customers across the United States and Canada.
Desjardins highlighted the company’s onshore lab and fulfillment infrastructure as key factors supporting its impressive top-line growth, profitability, and positive cash flow generation.
The firm also noted KITS Eyecare’s strong balance sheet as a competitive advantage in the eyewear market.
Desjardins expressed confidence that KITS is well-positioned for continued success in the growing online eyewear retail channel.
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