Jefferies raised the firm’s price target on Simply Good Foods to $37 from $36 and keeps a Hold rating on the shares as the analyst took over coverage of the stock. Simply Good Foods’ “power brands,” Atkins and Quest, are well-positioned to capitalize on form, function, and convenience needs, but results for each have diverged recently as soft Aktins’ trends are offsetting “solid” Quest momentum, the analyst tells investors.
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