B&G Foods price target lowered to $7.50 from $8 at TD Cowen

TD Cowen lowered the firm’s price target on B&G Foods to $7.50 from $8 and keeps a Sell rating on the shares. The firm said they missed 3Q expectations and lowered guidance for 4Q but they expect sequential sales improvement during 2025 but appeared to acknowledge another down year given the likelihood of negative sales in 1H.