Simply Good Foods price target lowered to $32 from $38 at Stifel

Stifel analyst Matthew Smith lowered the firm’s price target on Simply Good Foods (SMPL) to $32 from $38 and keeps a Buy rating on the shares after the company reported a “mixed” fourth quarter. The firm views the pullback in the shares as “overdone,” but believes shares are likely rangebound in the near term, reflecting the second half weighted year, the analyst tells investors in a post-earnings note.