B&G Foods price target raised to $3.50 from $3 at TD Cowen

TD Cowen analyst Robert Moskow raised the firm’s price target on B&G Foods to $3.50 from $3 and keeps a Sell rating on the shares. The firm updated its model after the company announced they entered into an agreement to acquire the College Inn and Kitchen Basics broth brands from Del Monte Foods for approximately $110M through a bankruptcy bidding process.