Simply Good Foods price target raised to $45 from $41 at UBS

UBS analyst Cody Ross raised the firm’s price target on Simply Good Foods to $45 from $41 and keeps a Buy rating on the shares ahead of the company’s fiscal Q1 earnings report due on Thursday, January 5. The analyst, who believes the quarter "will be fine and management will likely reiterate its full year guidance," sees upside risk to FactSet consensus sales and EBITDA growth estimates for FY23 given that the company executed an 8% price increase and is gaining distribution, he tells investors in an earnings preview.