TD Cowen initiated coverage of Simply Good Foods with a Hold rating and $34 price target. The company’s two brands, Quest and Atkins, hold strong positions in the attractive convenient nutrition category, but they are on different trajectories, the analyst tells investors in a research note. The firm believes the declining relevance of the Atkins Diet “creates a negative halo over the brand and poses a significant obstacle to its marketing turnaround.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMPL:
- Bernstein sees Hershey as ‘most suitable’ buyer of Simply Good Foods
- Simply Good Foods price target lowered to $40 from $50 at Mizuho
- Simply Good Foods price target lowered to $34 from $39 at DA Davidson
- Simply Good Foods sees 2024 net sales up around midpoint of 4%-6%
- Options Volatility and Implied Earnings Moves Today, April 04, 2024
