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Fly News Breaks for January 25, 2017
BOBE
Jan 25, 2017 | 08:21 EDT
Maxim analyst Stephen Anderson said the selling price of $565M for Bob Evans Restaurants was somewhat lower than he expected, but he views the company's purchase of Pineland Farms as consistent with the company's roll-up acquisition strategy and thinks the stand-alone food business has become more valuable for a potential buyer with the restaurant business out of the way. Anderson keeps a $62 price target and Buy rating on Bob Evans shares.
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