02:47 PM EDT, 06/03/2024 (MT Newswires) -- BMO hosted Jamieson Wellness ( JWLLF ) senior management for meetings in Europe and came away with "greater appreciation" for Jamieson's ability to execute on its long-term growth opportunities to drive towards its >$1 billion revenue target.

Growth is expected to be driven mainly by the Jamieson Brands segment across all major geographies and supported by secular tailwinds, analyst Stephen MacLeod writes. The U.S. and China present outsized growth opportunities; while not without risk, success in these markets would drive accelerated earnings growth.

MacLeod believes the stock is oversold and sees attractive risk-reward.

Maintain Outperform, $35 target.

Price: 27.20, Change: +0.45, Percent Change: +1.66