Jefferies analyst Kaumil Gajrawala lowered the firm’s price target on Simply Good Foods (SMPL) to $19 from $22 and keeps a Buy rating on the shares following Q2 results. The firm told investors in a research note that rebuilding momentum will take some time and near-term results will remain choppy. Jefferies added that there is a lot of work to do, but the firm also thinks it is likely the revised guidance range ends up proving conservative.
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