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Fly News Breaks for February 28, 2019
BGS
Feb 28, 2019 | 09:04 EDT
BMO Capital analyst Kenneth Zaslow lowered his price target on B&G Foods to $28 and kept his Market Perform rating after its Q4 earnings miss that was driven by "less pricing benefit, negative product mix, and lower realization of cost saving". The analyst adds that while the company is more focused on cost savings and the new management is more conservative on guidance, he is concerned with the potential for more aggressive pricing actions, unfavorable volume elasticity, and the possibility of acquisitions.
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