BTIG analyst Rob Dickerson initiated coverage of Simply Good Foods (SMPL) with a Neutral rating and no price target A re-rating of the shares is contingent upon the company’s renewed strategy, the analyst tells investors in a research note. The firm believes Simply Good’s category backdrop is not going to become less competitive. As such, the brand “may need a more targeted buyer niche to address,” it contends.
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Read More on SMPL:
- Simply Good Foods price target lowered to $19 from $22 at Jefferies
- Simply Good Foods price target lowered to $13 from $16 at Deutsche Bank
- Simply Good Foods price target lowered to $20 from $32 at Stifel
- Simply Good Foods price target lowered to $13 from $16 at UBS
- Simply Good Foods downgraded to Equal Weight from Overweight at Stephens