Piper Sandler lowered the firm’s price target on B&G Foods to $5 from $7 and keeps a Neutral rating on the shares. The firm says it had feared B&G’s outlook might be worse when it published its 10-Q, which gave color on potential “significant” tariff impacts. However, its exposure looks mostly manageable, with any impact skewed to Spices & Seasonings, Piper adds.
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