Mizuho lowered the firm’s price target on Simply Good Foods (SMPL) to $35 from $43 and keeps an Outperform rating on the shares. The firm cites extended distribution declines for Atkins and cost inflation that is delaying the company’s expected EBITDA acceleration for the target cut.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMPL:
- Climate Change Poses Financial Risks for Simply Good Foods: Supply Chain and Regulatory Challenges Ahead
- Simply Good Foods price target lowered to $24 from $28 at Morgan Stanley
- Simply Good Foods price target lowered to $24 from $34 at TD Cowen
- Hold Rating for Simply Good Foods Amid Market Skepticism and Brand Challenges
- Simply Good Foods Faces Challenges with Slower Growth and Quality Issues Leading to Hold Rating