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Fly News Breaks for May 2, 2017
POST, KHC, HRL, BOBE
May 2, 2017 | 08:14 EDT
Maxim analyst Stephen Anderson raised his price target on Bob Evans to $74 from $65, as he believes the stand-alone BEF Foods business has become more valuable for a potential acquirer with the sale of the Bob Evans Restaurant business to Golden Gate Capital now completed. Anderson, who sees Hormel (HRL) as the most likely acquirer for the BEF Foods business, also views Kraft Heinz (KHC) and Post Holdings (POST) as other potential suitors. He keeps a Buy rating on Bob Evans shares.
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