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Fly News Breaks for August 13, 2018
CENTA
Aug 13, 2018 | 07:25 EDT
BMO Capital analyst Shannon Coyne initiated Central Garden & Pet with an Outperform rating and a price target of $45. The analyst cites the company's "unique product portfolio" and a "strong dominant position in niche categories" as both garden and pet categories grow by about 3% per year. Coyne anticipates the secular industry growth to produce annualized sales and EBITDA growth for Central Garden & Pet at 3-5% and 8-10% respectively.
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