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Fly News Breaks for March 17, 2017
BGS
Mar 17, 2017 | 06:53 EDT
Credit Suisse analyst Robert Moskow upgraded B&G Foods to Outperform saying yesterday's 6% pullback is an overreaction. The company's CFO Tom Crimmins left for personal reasons, despite concerns that his resignation signals an earnings miss or perhaps will reveal financial reporting problems, Moskow tells investors in a research note. He finds the stock's risk/reward as "highly compelling" at current levels. The analyst lowered his price target for the shares to $47 from $49.
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