Simply Good Foods price target raised to $44 from $42 at DA Davidson

DA Davidson raised the firm’s price target on Simply Good Foods to $44 from $42 and keeps a Neutral rating on the shares. The stock’s 8% post-earnings gain in what was essentially an in line quarter more fully prices in Atkins’ revitalization, which by management’s admission is still early innings with few proof points, the analyst tells investors in a research note. Q1 suggests that there are reasons to be encouraged but also skeptical on Atkins, the firm states, adding that the risk-reward on the stock looks balanced.