DA Davidson analyst Brian Holland raised the firm’s price target on Simply Good Foods (SMPL) to $41 from $35 and keeps a Neutral rating on the shares after its Q2 earnings beat. The company’s reducing Atkins mix carries positive margin implications and likely improves sentiment, as investors refocus on the 70% of the portfolio growing double digits, the analyst tells investors in a research note. The stock’s near term correction is warranted, but the firm will look to be constructive on pullbacks, DA Davidson added.
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