BMO Capital raised the firm’s price target on SpartanNash (SPTN) to $26.90 from $20 and keeps a Market Perform rating on the shares. The firm cites the proposed take-out for the company announced by C&S Wholesale and SpartanNash, but also acknowledges the regulatory risks with respect to the company’s wholesale divisions and the military commissary businesses, which may garner scrutiny, the analyst tells investors in a research note.
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