Morgan Stanley lowered the firm’s price target on Simply Good Foods (SMPL) to $24 from $28 and keeps an Equal Weight rating on the shares. The firm lowered its FY26 and FY27 estimates by about 4% and 7%, respectively, following the company’s Q4 report, the analyst tells investors. While valuation at all-time lows is “compelling,” the firm views the stock as constrained near term amid limited positive catalysts, the analyst added.
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Read More on SMPL:
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- Simply Good Foods price target lowered to $32 from $38 at Stifel
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