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Fly News Breaks for November 1, 2019
BGS
Nov 1, 2019 | 07:03 EDT
BMO Capital analyst Kenneth Zaslow lowered his price target on B&G Foods to $20 and kept his Market Perform rating after its Q3 earnings miss, saying the "unfavorable" tax and interest expense related items offset the beat on revenue and EBITDA. The analyst further cites the company cutting its FY19 EBITDA guidance amid "persistent" higher costs in a number of its businesses.
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