Jefferies lowered the firm’s price target on Flowers Foods (FLO) to $16 from $20 and keeps a Hold rating on the shares. The company reported a slight Q1 miss driven by softness in its away-from-home business and less benefit from Simple Mills, the analyst tells investors in a research note. The firm says Flowers “painted a bleak picture of the consumer and spoke to more promotional intensity needs.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLO:
- Charter to combine with Cox, Take-Two reports mixed Q4 results: Morning Buzz
- Morning Movers: Charter to combine with Cox Communication
- Flowers Foods falls 5% to $16.15 after Q1 results miss, FY25 guidance cut
- Flowers Foods sees FY25 CapEx $140M-$150M
- Flowers Foods reports Q1 adjusted EPS 35c, consensus 37c
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue