Whole Earth Brands price target lowered to $8 from $10 at Canaccord

Canaccord analyst Bobby Burleson lowered the firm’s price target on Whole Earth Brands to $8 from $10 and keeps a Buy rating on the shares. The analyst said they reported an in-line quarter for revenue and a miss for EBITDA largely on continued cost inflation but he continue to view them as well positioned as diets move away from refined sugar.