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Fly News Breaks for December 6, 2016
BOBE
Dec 6, 2016 | 07:53 EDT
Maxim analyst Stephen Anderson attributes the positively reaction to Bob Evans' Q2 results primarily to the fact that company named J.P. Morgan to evaluate potential strategies for value creation, which he take as evidence that management is more serious about a potential separation of the Bob Evans Restaurants and BEF Foods businesses. The analyst, who now sees greater potential for a split that would provide a catalyst for additional upside, has a Buy rating and $58 price target on Bob Evans shares.
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