Mizuho lowered the firm’s price target on Simply Good Foods to $42 from $45 and keeps a Buy rating on the shares. The company’s fiscal Q3 beat estimates and its fiscal 2024 outlook “provides relief,” the analyst tells investors in a research note. The analyst says Simply’s revenue and EBITDA beat from factors that are supportive through 2024. The brand’s “robust” all-outlet retail sales is sustaining the company’s model absent stronger contribution from Atkins, notes the firm.
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