Stifel lowered the firm’s price target on Simply Good Foods to $38 from $48 and keeps a Buy rating on the shares ahead of the company’s scheduled Q3 report on Thursday, April 4. The firm, which is lowering revenue and EBITDA estimates for the upcoming second quarter and FY24, estimates current consumption trends suggest 4.5% revenue growth in FY24, which it notes would be toward the lower end of the company’s current 4%-6% guidance range.
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