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Fly News Breaks for November 28, 2018
CENT, CENTA
Nov 28, 2018 | 07:16 EDT
BMO Capital analyst Shannon Coyne lowered her price target on Central Garden & Pet Co to $42 after its Q4 results, saying its "strong expense control and a lower-than-expected tax rate offset a slightly disappointing top line". The analyst sees some near term headwinds for the stock around commodity, freight, and labor costs as well as uncertainty on tariffs, but keeps her Outperform rating longer term based on the management's "strong focus on cost reduction".
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