Simply Good Foods price target raised to $43 from $40 at Stephens

Stephens raised the firm’s price target on Simply Good Foods to $43 from $40 and keeps an Overweight rating on the shares. Consumption trends at Simply Good have proven to be resilient, which could be a result of Simply Good’s product portfolio’s better-for-you positioning, the analyst tells investors. If economic conditions deteriorate, brands will have to convince customers their products should be bought, but Simply Good Foods already offers an attractive value proposition to its customers, the firm says.