Flowers Foods price target lowered to $25 from $26 at Stephens

Stephens lowered the firm’s price target on Flowers Foods to $25 from $26 and keeps an Equal Weight rating on the shares. Despite a challenging start to the year, Flowers appears to be making incremental progress towards stabilizing the branded retail portion of its portfolio, contends the analyst, who believes shares are fairly valued at current levels given the current economic backdrop and the negative mix shift dynamic.